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Renault Korea Sets Annual Launches Through 2029 With Busan EV Production Starting 2028

The move signals a pivot to a Korean hub with localized batteries to navigate rising trade barriers.

Overview

  • Renault Korea, which detailed its strategy Tuesday, said it will release a new model every year through 2029.
  • The first fully software-defined car is slated for 2027 with Level 2++ driver assistance and an AI-based cockpit, with a goal to cut development time to under two years.
  • The Busan factory will build next-generation electric vehicles from 2028 and serve as Renault’s Korean base for larger D and E segment cars.
  • The company plans a domestic EV ecosystem that includes localized battery production to secure supply and keep costs in check.
  • CEO Nicolas Paris said EV exports will target Latin America, the Middle East and Oceania, and he does not expect a return to past 300,000-unit output because protectionist policies are squeezing exports.