Renault moves ahead on electric and aims for a 7% margin

Group operating margin between 5% and 7%. Car cash-flow of €1.5 billion or more per year on average. The Renault group's Strategic Plan 2026-2030 presented in Guyancourt by CEO Francois Provost does not backtrack on electrics and throws its heart over the hurdle of an increasingly determined European car crisis. There is a line of continuity between Renaulution, the plan of Luca De Meo, the group's former CEO, and Provost's futurREady. It is called innovation, development, but above all realism: launching new models, but also cutting costs. Development of electrics, but transitioning to hybrids. Realist localisation: Europe, South America, India and South Korea, the areas where the group is already present. For China and the United States, there is time. Perhaps with alliances, when the group has consolidated its position.

FutuREady, Provost's plan, is built around the product, the centre of the strategy. Renault Group will launch 36 new models by 2030, accelerating electrification and range development. In the medium term, Renault aims to generate lasting financial results: group operating margin between 5% and 7% and automotive cash flow of EUR 1.5 billion or more per year on average.

"The new strategic plan marks a milestone for Renault's future. In an environment that has become more competitive than ever, we can leverage solid fundamentals: brands, products and financial results. Since I was appointed CEO last July, we have been working to devise a plan that will enable the group to deliver solid and sustainable performance, regardless of the challenges ahead,' Provost said.

"With futuREady, we will all succeed together in demonstrating that a European car manufacturer can - and we can - durable and become a reference point of the European automotive industry worldwide," Provost said again, emphasising the will to endure and relaunch. The group, he concluded, will maintain strong roots in Europe and make investments in platforms to consolidate competitiveness and offer products increasingly in line with customer expectations.

Renault is also betting on 800 Volt technology and has announced a major overhaul of its platforms, which will be marked 'RG' and based on the software defined vehicle concept, with the Android operating system developed with Google. In particular, the French group announced the new RGEV medium 2.o electric architecture that will allow fast charging in 10 minutes. It will arrive in 2030 and will be used in B, C and D segments. Thanks to its modularity, it will be able to adapt to all models: saloon, SUV and MPV. In the plan is an architecture christened RGEA, which is avowedly an adaptation of the GEA platform used by the Chinese giant Geely and is prepared for electric cars, also with range extender motors and plug-in hybrids.