Renault Aims for Over 2 Million Vehicle Sales Annually by 2030

Renault's Ambitious Sales Goals#

Renault has set an ambitious target to sell more than 2 million vehicles each year by 2030. This goal comes as the French car manufacturer seeks to expand its market presence beyond Europe, where competition is becoming increasingly fierce.

Growth Strategy and New Models#

To achieve this target, Renault plans to increase its sales by approximately 23% from the 1.63 million vehicles it expects to sell in 2025. A significant part of this strategy involves selling half of its vehicles outside of Europe by the end of the decade, up from 38% last year. To support this growth, the company intends to introduce 36 new models by 2030, including 22 vehicles in Europe over the next five years. Notably, 16 of these will be fully electric models, while 14 will focus on international markets.

Leadership and Commitment to Electrification#

This strategy marks the first major update since Chief Executive Francois Provost took the helm last year. Provost emphasized the company's long-term vision, stating that Renault aims to become a benchmark in the European automotive industry on a global scale. Despite facing slower-than-expected demand for electric vehicles in Europe, Renault remains committed to electrification, with fully electric vehicles projected to make up about 44% of its planned model lineup by the end of the decade.

Hybrid Technology and Future Developments#

In addition to electric vehicles, Renault is also investing in hybrid technology. Through its joint venture with China's Geely, the company plans to develop smaller engines for hybrid vehicles, which will help it adapt to the current demand for electric vehicles. Looking ahead, Renault is working on a new electric platform set to launch in 2028, which will include a range-extender option that uses a small gasoline engine to increase driving range up to 1,400 kilometers.

On Tuesday, Renault will unveil two new models: the Bridger, a compact SUV targeting the Indian market, and the Dacia Striker, a crossover estate designed to compete with Volkswagen Group’s Skoda Octavia. These models will be showcased at Renault’s research and development center near Paris.