The plan revealed Tuesday (local time), succeeding the Renaulution turnaround strategy launched in 2021, sets a target of more than 2 million annual vehicle sales by 2030, with half generated outside Europe.
The group also aims to maintain an operating margin of 5 to 7 percent of revenue and sustain annual free cash flow of about 1.5 billion euros ($1.74 billion).
The Renault brand will spearhead the offensive with 12 new models in Europe and 14 for international markets, while pursuing 100 percent electrified sales across the continent and a 50 percent electrified mix outside Europe by the end of the decade.
The company also confirmed that its full hybrid E-Tech powertrain would remain in the European lineup beyond 2030.
At the heart of the electrification push is the new RGEV medium 2.0 platform, a modular 800-volt architecture spanning the B+ to D segments. The platform promises up to 750 kilometers of range for battery-electric models and 1,400 kilometers with a range extender, underscoring Renault's bid to close the gap with Chinese rivals on cost and technology.
"At Renault Group, we know where we come from. Today, we know where we want to go, how and who with. And all of this in pursuit of one goal: to better serve our customers, ultimately delivering clean, affordable mobility tailored to their needs, based on the strength of our brands and vehicles," said Francois Provost, CEO of Renault Group.
The company will lean on five international hubs — South Korea, Morocco, Turkiye, Latin America, and India — to fuel its overseas expansion.
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