Tag Archives: Renault

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Renault will launch five new cars in the next 8 years

Renault has announced that by 2031 it will launch seven new electric cars. It’s part of a long-term electrification plan, and the cars will be manufactured at the newly established electric vehicle and software company, Ampere.

It all started two years ago when Renault presented the all-electric Megane E-Tech, and soon the new fifth generation Renault Scenic E-Tech, the new Renault 5 EV and 4 EV, and the Renault Twingo EV will arrive on the market. The remaining two cars will be replacements for the Megane E-Tech and Scenic E-Tech. Currently, Renault’s factories have a production capacity of 400,000 vehicles per year, with the goal of increasing it to 620,000 vehicles per year by 2028. The goal is to reach 300,000 sold electric vehicles by 2025, and one million by 2031.

All cars will be built on new platforms, AmpR Small (CMF-BEV) and AmpR Medium (CMF-EV), and will be from the A, B and C segments. Expectations at Renault are high, primarily because research shows that subcompact and compact cars will represent 3/4 of the electric vehicle market by the end of the decade.

Also, the long-term goal of Renault’s recovery plan is to reduce production costs by 40% in the next five years, and the plan also foresees a reduction in battery production costs by 50%, electric motors by 25%, and lower platform production costs as well. Body production costs will be lower by 15%, and logistics costs by as much as 50 percent. In this way, Renault wants to achieve equality between electric models and those with ICE by the end of 2028.

Source: Renault

News

Renault records sales growth in 2023

Demand for Renault vehicles is on the rise, and according to data for the first eight months of 2023, sales increased by 22 percent, putting the French vehicle manufacturer in second place on the European market.

In 2023, Renault delivered 726,938 vehicles on the European market, and the most sold vehicles were from the C segment (190,535 vehicles), which is an increase of 36 percent. Individually, the highest demand was for the Austral (60,305 units) and Arkana/Conquest (59,542 units).

When it comes to the electric vehicle market, Renault delivered 200,000 units, of which hybrid vehicles recorded a growth of 48% percent compared to 2022. Fully electric cars (64,854 units) also recorded growth and the highest demand was for the Megane E-Tech (35,000 deliveries).

Globally, Renault sold a total of 1,128,885 vehicles by September 2023, which is 11% more than in the same period in 2022 (1,013,310). Also, in the third quarter, Renault delivered 356,747 vehicles, which is an increase of +11% compared to the same period last year.

Source: Renault

News

EU is investigating all car manufacturers for Chinese subsidies

As European Commission President Ursula von der Leyen announced a few days ago, the EU launched an investigation into the privileged position of electric vehicles produced in China due to subsidies. “These can also be vehicles from other manufacturers if they have used subsidies in China,” said Executive Vice President of the European Commission for an Economy Valdis Dombrovskis.

Many electric car manufacturers have plants in China, such as Tesla, Renault, VW, etc. All of them export their cars to the European market, and during the collection of evidence, Tesla was among the companies that were found to have had additional benefits. The goal of the investigation is to determine whether and in what way China subsidized car manufacturers in order to take all necessary countermeasures and equalize the market position for everyone.

Tesla enjoyed a special position in China that other companies did not have. Thanks to the Chinese government, the American company has fully utilized its domestic operations, instead of sharing them with a local joint venture partner as is the case with VW and Audi in China. Tax breaks, loans and other forms of aid have helped make China Tesla’s second most important business market outside the US.

Many will think that China will make a countermeasure against European manufacturers. Well, the chances of that are slim. If we consider that the European electric car market is the second largest in the world, after China, it can be hardly expected that the Chinese government will play against itself.

Other car manufacturers, BMW and Renault, have no comment on the situation.

Source: Reuters