Renault Group and Wandercraft Announce Strategic Partnership
On June 6, 2025, Renault Group finalized a strategic partnership with Wandercraft, a French company recognized as a leader in next-generation robotics. This collaboration involves Renault Group acquiring a minority stake in Wandercraft, which specializes in AI-enabled robotic exoskeletons designed for individuals with reduced mobility. The technology is also being adapted for mobile robots used in industrial applications.
The partnership aims to develop a new family of robots based on Wandercraft’s technology, initially targeting Renault Group’s manufacturing operations. Renault Group’s industrial expertise will be leveraged to scale up the production of Wandercraft’s exoskeletons and robots. This collaboration is expected to open new business opportunities for Wandercraft in the robotics sector.
Wandercraft is the first company to develop, manufacture, and market medical self-balancing exoskeletons. The partnership with Renault Group is supported by Wandercraft’s existing shareholders and new investors, highlighting the potential for growth and innovation in this field.
Renault Group’s Financial Overview
Renault SA, a French company based in Boulogne-Billancourt, specializes in designing, manufacturing, marketing, and repairing passenger cars and light commercial vehicles. The company also offers financing and service solutions, including credit for new and used vehicles, serving customers globally. Renault is listed on the NYSE Euronext Paris.
As of June 5, 2025, Renault’s close price was 43 EUR, with a 52-week high of 53.26 EUR on February 16, 2025, and a 52-week low of 35.59 EUR on October 2, 2024. The company’s market capitalization stands at 12.76 billion EUR, with a price-to-earnings ratio of 15.92.
Lithium Iron Phosphate Market Dynamics
In the lithium iron phosphate (LFP) market, significant developments have been observed. Leading players in the LFP sector are securing large orders from battery manufacturers, providing them with a respite to navigate through challenging cycles. Conversely, companies from titanium dioxide and phosphorus chemical backgrounds are halting projects, leading to a wave of retreats.
On June 5, 2025, Fulin Precision (300432.SZ) announced a supplementary agreement with industry leader Ningde Times (300750.SZ). This agreement revises a previous business cooperation agreement, increasing the production capacity commitment for Fulin Precision’s Jiangxi and Sichuan bases. Ningde Times has committed to purchasing at least 80% of Fulin Precision’s promised production capacity annually from 2025 to 2029.
Fulin Precision highlighted that this agreement reflects high recognition of its LFP cathode material products’ development, technical performance, and supply capabilities. The strengthened long-term strategic cooperation is expected to drive technological innovation and cost reduction in Fulin Precision’s LFP cathode materials business, enhancing its core competitiveness and sustainable development capabilities.
Additionally, Wanrun New Energy (688275.SZ) secured a substantial order from Ningde Times, committing to supply approximately 132.31 million tons of LFP products from May 2025 to 2030. The order is valued at over 400 billion yuan, based on current market prices.
Liangpan Technology (603906.SH) also gained attention by securing international orders, including a deal with Yifei Lithium Energy Malaysia to sell 15.2 million tons of LFP from 2026 to 2030, valued at over 50 billion yuan. Earlier in the year, Liangpan Technology’s subsidiary, Liyu (Asia), signed a supply agreement with Blue Oval Battery Park, Michigan, a joint venture with Ford, to supply LFP cathode materials from 2026 to 2030.