*This content was translated by AI.
Renault Group has announced a new mid- to long-term strategy called "futuReady Plan," which calls for launching a total of 36 new models, including 26 new Renault-branded cars, in the global market by 2030. Renault Group, led by chairman Francois Provo, unveiled the plan in France on the 10th local time, making it clear that it will promote sustainable growth by accelerating electrification and expanding its global lineup.
Renault Group plans to secure financial robustness and resilience at the same time, starting with this Future Ready plan, following the successful improvement of its constitution through the 'Renolutions' strategy established in 2021. To this end, the group also presented specific financial goals to maintain an operating margin of 5% to 7% of sales and secure cash liquidity of more than 1.5 billion euros per year.In line with the group's overall strategy, the Renault brand, led by CEO Fabrice Kamboliv, has set three key drivers: strengthening the brand's presence in Europe, expanding the electrification of all lineup, and strengthening the global market outside Europe.
The Renault brand has set a goal of achieving annual sales of more than 2 million units by 2030, and will put 12 new vehicles in the European market alone. In particular, it plans to significantly increase its market competitiveness through next-generation electric vehicles and hybrid models in the C and D segments while maintaining the dominance of the A and B segments, which have traditionally been strong. The core of the electrification transition will be the pure electric vehicle and hybrid E-Tech lineup, and Renault will continue to supply hybrid E-Tech models in the European market after 2030 and respond flexibly to market demand.
In this announcement, Renault also unveiled the 'RGEV Medium 2.0' platform, a trump card for targeting the C and D segment electric vehicle market in Europe for the first time. The platform is a modular architecture that can span from B+ to D segments, and features flexible application to various body types. In addition, 800V architecture capable of extended driving distance and ultra-fast charging has been applied to secure advanced technology and efficiency at the same time. The Renault brand expressed its commitment to strengthening the global market, announcing its ambition to achieve half of its total sales target of 2 million units outside Europe.
In order to target overseas markets, Renault is planning to maximize the potential of its five major global hubs: Korea, India, Morocco, Turkey, and Latin America. In addition to the five models already unveiled through 'International Game Plan 2027, Grand Coleos, Borreal, and Kardian, 14 more new cars will be introduced in non-European markets by 2030, greatly expanding their global market share. In particular, it said it plans to accelerate global growth by actively utilizing collaborations with major strategic partners such as Geely Group to continue developing optimized vehicles tailored to the specificity and customer needs of each regional market.
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*This content was translated by AI.
