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Of the total number of new products, 22 models will be focused on the European market, and 12 of them will be released under the Renault brand, writes Interfax. For other regions of the world it is planned to launch 14 more models – all of them will also be produced under the Renault brand. At the same time, a significant part of the European premieres – 16 cars – will be fully electric.
The company also announced its intention to expand its presence in the global automobile market. Renault expects to cover about 55% of the global car market, excluding the United States, Canada and China.
In parallel, the concern is betting on improving the efficiency of production. It is planned to reduce the number of used components in cars by about 30%. The use of artificial intelligence technologies should help to reduce downtime at factories by half, reduce energy consumption by 25% and production costs by 20%.
Special attention is paid to the development of electric cars. Renault intends to reduce the cost of their production by 40%. In addition, for C-class models the company plans to increase the power reserve up to 750 km, and for versions with extended range – up to 1400 km.
In logistics, the concern expects to reduce costs by 30% thanks to the introduction of digital risk monitoring systems covering production processes, supply chains, dealer network and interaction with customers.
According to the company’s plans, the development of one new model will take about two years. Renault also expects to produce more than 300 thousand cars annually for its partners – Nissan, Mitsubishi Motors, Volvo Group, Geely and Ford.
In addition, the automaker reiterated its medium-term operating margin forecast of 5-7% (versus 6.3% in 2025). Amid these announcements, Renault shares rose about 2.7% on Tuesday, March 10.
