India, June 15 -- Renault Group (RNT.L) has teamed up with Thales to create a new military vehicle, marking the automaker's push into the defense arena as European countries ramp up military spending due to rising geopolitical tensions.
On Monday, the two companies announced they'll be showcasing a prototype dubbed the "4 TROOP" at the Eurosatory defense exhibition near Paris. Renault mentioned it could be ready to take on production orders as soon as 2027. Investors are responding positively, with Renault's shares jumping about 4.5 percent in early trading.
This joint venture blends Renault's manufacturing skills with Thales' secure communications and defense tech to produce a versatile vehicle that can be made quickly and affordably.
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