On the Dash:
- Renault plans to launch 36 new models by 2030, including 16 EVs in Europe over the next five years.
- The automaker targets more than 2 million annual Renault-brand sales by 2030, with 50% outside Europe.
- Renault will expand in India, South America, and South Korea while reducing EV costs and extending hybrid technology beyond 2030.
Renault said it plans to launch 36 new models by the end of the decade as the French automaker looks beyond Europe to drive growth amid intensifying competition in its core markets.
The strategy marks the first update under Chief Executive Francois Provost, who took the role last year after former CEO Luca de Meo moved to luxury group Kering.
Renault said it will introduce 22 new models in Europe over the next five years, including 16 electric vehicles. Another 14 models will be launched in international markets as the company works to expand its presence outside the region.
The automaker said it aims to increase annual sales of its core Renault brand to more than 2 million vehicles by 2030, with 50% of those sales coming from markets outside Europe. Last year, Renault brand sales totaled 1.6 million vehicles, while more than two-thirds of the group’s overall sales occurred in Europe.
The company, which owns Dacia and Alpine alongside the Renault nameplate, is also positioning its strategy around key growth regions.
Rather than pursuing the world’s two largest auto markets, the company plans to expand in India, South America, and South Korea. Renault said it aims to be present in 55% of the global car market, excluding the U.S. and China, while maintaining a strong base in Europe.
Competition in Europe has intensified as Chinese automakers such as BYD expand into the region, raising concerns among investors about potential price pressure and its effect on industry profitability.
As part of its strategy, Renault said it will reduce the cost of electric vehicles and extend its hybrid technology beyond 2030.
The company reiterated its medium-term profitability target, aiming for an operating margin between 5% and 7%. That compares with 6.3% last year and 7.6% in 2024.
