Renault Group is moving into higher gear, turning its successful ‘Renaulution’ plan into a system aimed at being both sustainable and global. With the new strategic plan ‘futuREady’, the Group aims to maintain its growth momentum and become the reference European carmaker.
‘futuREady‘ revolves around the product and the customer experience, technological innovation, and operational excellence. At the same time, it is based on a strong commitment to employees, suppliers, dealer networks, and partners.
“The product remains front and center of this strategy,” says the French manufacturer. “Renault Group will launch 36 new models between now and 2030, accelerating electrification and also its international line-up.”
“Over the medium term, Renault Group aims to generate consistently robust and resilient financial results, with a Group operating margin of between 5% and 7% of revenue and an Automotive free cash flow superior to or equal to €1.5 billion per year on average,” stipulates Renault.
“futuREady, our new strategic plan, is a crucial step in the future of Renault Group, says Renault Group CEO François Provost. “In an environment that is even more competitive, we can build on solid fundamentals: our brands, our products, and our financial results. Together, through futuREady, we will show that we are here for the long term and we will become the reference for the European automotive industry on the global stage.”
“Becoming Europe’s reference carmaker means setting the ambition to design and produce in Europe products that are best in class in terms of desirability, technology, and competitiveness,” Provost explains.
“In an increasingly competitive environment, this means combining performance and innovation with resilience and robust strength. This is what futuREady is all about. At Renault Group, we know where we come from. Today, we know where we want to go, how, and who with,” he concludes.
Four pillars
The futuREady plan contains four cornerstones for sustainable growth. It wants to be growth-ready, tech-ready, excellence-ready, and trust-ready.
Growth-ready means that Renault Group aims to successfully complete its second product offensive, with 22 new models in Europe, including 16 electric, and 14 models on international markets. By 2030, Renault aims to sell over 2 million vehicles annually, half outside Europe, with 100% electrified sales in Europe and 50% outside Europe.
By 2030, Dacia will have shifted towards electric mobility, increasing the number of electric vehicles in its range from one to four. It will continue its offensive in the C segment, which will account for one-third of sales in five years.
Alpine will pursue its growth strategy by launching the next generation of its iconic model, the A110, based on the Alpine Performance Platform (APP), by building on the A290 and A390 models to attract new customers, and by developing even more exclusive and personalised offerings through limited series such as the A110 R Ultime.
Tech-ready means making technology a driver of growth and a source of technical/economic edge. “Electrification, software, digital technology, and platforms are the key technological drivers that will enable the Group to compete with the best carmakers,” Renault explains. Engineering plays a key role in developing these technologies. In this area, the Group makes full use of in-house expertise and with our suppliers.
To achieve this, Renault Group will be supported by its new RGEV medium 2.0 electric platform. This new platform will be developed primarily in France and cut costs by 40% compared with the current generation of electric vehicles.
For electric powertrains, the batteries will use two types of chemistry (high-energy-density or affordable), meeting different customer requirements. The Group plans to develop a third-generation rare-earth-free rotor motor (EESM). With an efficiency of 93% on the motorway and 25% more power, this 275 hp motor will be developed and built in-house and will be available in both front- and rear-wheel drive versions.
For hybrids (HEV), Renault Group will continue to extend its E-Tech technology beyond 2030 with new versions under 150 hp. It will also deploy this technology outside Europe, with a significant reduction in cost.
Excellence-ready means that, in an increasingly volatile environment, Renault Group’s ambition is to compete with Chinese vehicle manufacturers on innovation, cost, and speed. This means faster product development, based on a 2-year cycle. All the Group’s new projects are now developed with this objective in mind.
Trust-ready, finally, means consolidating the company’s commitment to stakeholders. For its workforce of almost 100,000 employees, Renault Group has decided to make long-term investments in skills and support to strengthen staff employability in a constantly changing world.
With its suppliers, the Group seeks to foster a spirit of partnership. Suppliers will be involved from the outset in projects that encourage innovation, rapid development, and cost reduction.
Digital technologies and Artificial Intelligence will transform the customer experience, allowing the dealer network to concentrate on customer service.
Finally, Renault Group is continuing to reinforce its expertise in partnerships. In Europe, the Group’s competitive technologies and industrial capabilities are already attracting Nissan, Mitsubishi Motors, Volvo Group (Renault Trucks), and now Ford.
Internationally, India will become a true production and supply center, serving both local and global markets, in particular by manufacturing a full range of Nissan models. In South Korea and South America, the Group will continue to build on its partnership with Geely.
Overall, the Group will build over 300,000 vehicles for these five manufacturers by 2030 on three continents.
