Ares Design Showcases Tesla Model S Convertible

More

Porsche expands Taycan model range with new entry level variant

More

Mercedes Benz EQA unveiled, priced from €47,540 in Germany

More

Rivian secures $2.65 billion as it prepares to bring its EVs to market

More

Truemag

  • Electric Car News
  • Electric Car Reviews
  • Plug-in Hybrids
  • Technology
  • Home
  • About Us
  • Privacy Policy
  • Advertise
  • Charging Map

Remault’s Drive The Future Plan: 8 new EVs and 15 autonomous drive models by 2022

Groupe Renault today announced ‘Drive The Future’, a new six-year plan to deliver annual revenues of over €70 billion1, achieve a group operating margin of over 7% by the end of the plan, with a floor at 5%, and positive free cash flow every year. Drive The Future is aligned with the Groupe Renault vision: sustainable mobility for all, today and tomorrow.

The plans reflect the vision laid out last month by the Renault Nissan Mitsubishi alliance, the world’s No. 1 carmaker by sales.

Electrified models will comprise half of Renault’s line-up by the end of 2022 as the carmaker rolls out 8 new all-electric cars and adds 12 hybrid vehicles. Electric cars are “turning into a significant contributor to our performance while other automakers are just starting the journey”, Chief Executive Carlos Ghosn said on Friday.

Under the Drive The Future plan, Renault forecasts that unit volumes will grow more than 40% to over 5 million units, compared with 3.47 million units sold in 2016, as the company expands its product range, including in LCV and new zero-emission electric vehicles and builds on success of its global access range. The plan will also leverage the R&D and global economies of scale from Renault-Nissan-Mitsubishi, the world’s largest automotive alliance, while maintaining financial discipline and cost efficiency.

Drive The Future will build on the strong foundation of Groupe Renault’s last plan Drive the Change, which resulted in record growth and operating profit, increased synergies gained through the Alliance with Nissan, empowered regions, expanded product mix and leadership in zero-emission vehicles in Europe.

Renault Chairman and CEO Carlos Ghosn said: “Groupe Renault is now a healthy, profitable, global company looking confidently ahead. Drive the Future is about delivering strong, sustainable growth benefiting from investments in key regions and products, leveraging Alliance resources and technologies, and increasing our cost competitiveness. Supported by the men and women of Renault, this new plan will unleash our full potential to innovate and grow in a rapidly-changing industry.”

Oct 6, 2017Blagojce Krivevski
GM Outlines Possibilities For Flexible, Autonomous Fuel Cell PlatformGKN opens state-of-the-art innovation centre in UK
You Might Also Like
 
Connected Energy and Renault Partner on Energy Storage and EV Charging Technology
 
Onto orders 1,100 all-electric Renault ZOEs, biggest ever single order of ZOE in the UK
Blagojce Krivevski

Blagojce Krivevski is physicist and green technology lover. Keep in touch with Blagojce through his email, web site, Twitter, Linkedin, Facebook and Google+.

October 6, 2017 Electric Car NewsCarlos Ghosn, Renault, Renault Electric Vehicles
Follow Us
  • facebook
  • twitter
  • google-news
  • youtube
  • instagram
  • feedburner
Recent News
Majority of EV Owners Are Intent on Purchasing Another One in the Future, J.D. Power Finds
January 22, 2021
Volkswagen Group significantly reduces CO2 fleet average, but narrowly misses 2020 target
January 22, 2021
100-fold increase in zero-emission trucks needed in EU fleet, ACEA data shows
January 22, 2021
Gold Coast powers up with EV charging network
January 22, 2021
Lightning eMotors Adds Production Capacity, Space to Meet Growing Demand From Fleets for Electric Vehicles
January 21, 2021
About
ElectricCarsReport.com ElectricCarsReport.com is a website dedicated to pure electric vehicles and the full range of consumer information and tools about electric cars, green technology energy, and the environment.
Latest News
Majority of EV Owners Are Intent on Purchasing Another One in the Future, J.D. Power Finds
January 22, 2021
Volkswagen Group significantly reduces CO2 fleet average, but narrowly misses 2020 target
January 22, 2021
100-fold increase in zero-emission trucks needed in EU fleet, ACEA data shows
January 22, 2021
Subscribe

Sign up for our newsletter to receive the latest news and event postings.

Get in touch

Email: [email protected]

Archives
  • facebook
  • twitter
  • google-news
  • youtube
  • instagram
  • feedburner
DMCA.com
2021 © ElectricCarsReport.com | All Rights Reserved.