Renault shares gain after report says BYD’s investment approaches were rejected

Report suggests Renault declined two stake proposals from BYD

Shares of Renault (LSE:RNO) climbed 2% on Tuesday after French financial newspaper Les Echos reported that Chinese electric vehicle manufacturer BYD had unsuccessfully attempted twice to acquire an equity stake in the automaker.

According to the report, BYD made its first approach in 2024 before returning with a second proposal during the autumn of 2025.

Renault reportedly maintains independent strategy

Les Echos said both approaches were rejected, highlighting Renault’s determination to retain its strategic independence and preserve control over its business in the European automotive market.