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Renault Unveils Five-Year Plan to Lift Sales 23% and Shift Half of Sales Outside Europe by 2030

A push to globalize sales responds to mounting price pressure in Europe from low-cost rivals.

Overview

  • Renault targets more than 2 million Renault-brand vehicles a year by 2030 and outlines 36 new models over five years, including 14 for markets beyond Europe.
  • The product roadmap includes 16 pure electric models by 2030 while continuing to lean on hybrids to address weaker-than-expected European EV demand.
  • A new EV platform due in 2028 will offer a range-extender variant using a gasoline backup to enable up to 1,400 km of range.
  • European models will be developed largely in-house, with Geely partnerships to boost sales in South America and South Korea and the Horse Powertrain joint venture developing a smaller hybrid engine.
  • Initial execution features the Bridger small SUV for India and the Dacia Striker crossover estate, both set to be unveiled at Renault’s R&D center outside Paris on Tuesday.