Renault announced that it intends to sell more than 2 million cars under the Renault brand per year by 2030, presenting a strategy focused on expanding beyond Europe amid increasing competition in key markets.
The French automaker plans to increase sales of Renault-branded cars by about 23% compared to 1.63 million cars sold in 2025. As part of this course, the company expects that by the end of the decade, half of the cars under the Renault brand will be sold outside of Europe, compared to 38% last year.
To support this growth, Renault plans to introduce 36 new models by 2030. Over the next five years, the company will launch 22 vehicles in Europe, including 16 fully electric models, as well as 14 additional models aimed at international markets.
The strategy represents the first update since François Provost took over as CEO last year after Luca de Meo's departure. Renault stated that it will aim to reduce the cost of electric vehicles while continuing to develop hybrid technologies even after 2030.
"We will show that we are here for the long haul and will become a benchmark for the European automotive industry on the world stage," said Provost.
Despite a slower-than-expected demand for electric vehicles in Europe, the company stated that it remains committed to electrification. Fully electric vehicles are expected to make up around 44% of Renault's planned model lineup by the end of the decade.
At the same time, Renault will continue to invest in hybrid powertrains. Through the Horse Powertrain joint venture with Chinese Geely, the company plans to develop a smaller engine for hybrid vehicles, relying on hybrids to navigate weaker demand for electric vehicles.
Renault stated that it will largely rely on its own technologies for product development in Europe while working with partners such as Geely to expand its presence in markets including South America and South Korea. Currently, the company is not represented in the USA or China.
Looking further into the future, Renault is developing a new electric platform scheduled for 2028, which will include a range extender option using a small gasoline engine to increase the driving range to 1,400 kilometers.
The automaker will also unveil two new models on Tuesday: Bridger, a compact SUV aimed at the Indian market, and Dacia Striker, a crossover wagon designed to compete with Volkswagen Group's Skoda Octavia. The models will be presented at Renault's research center near Paris.
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