Renault aims for 50 percent of its cars to be electric/hybrid by 2022

A strategic plan released Friday aims to boost Renault annual revenues to 70 billion euros ($82.2 billion) by 2022 from 51 billion euros last year, in part through an effort to double sales outside its traditional markets in Europe, notably in China and Russia

Renault aims for 50 percent of its cars to be electric/hybrid by 2022

French carmaker Renault says half of its models will be electric or hybrid by 2022 and it’s investing heavily in “robo-vehicles” with increasing degrees of autonomy.A strategic plan released Friday aims to boost Renault annual revenues to 70 billion euros ($82.2 billion) by 2022 from 51 billion euros last year, in part through an effort to double sales outside its traditional markets in Europe, notably in China and Russia.The plans reflect the vision laid out last month by the Renault Nissan Mitsubishi alliance, the world’s No. 1 carmaker by sales. Many of Renault’s new aims depend on saving money through sharing platforms and development.CEO Carlos Ghosn said Renault is aiming for 20 electric or hybrid models by 2022, more than half of its 39 models overall.

Discover the latest in the auto world with new cars and new bikes, explore upcoming cars in India, and find your perfect match with cars under 5 lakh, 10 lakh or 15 lakh. Stay updated with the latest auto news and the rise of electric vehicles.

This article was first uploaded on October six, twenty seventeen, at thirty-one minutes past one in the afternoon.
Market Data
✕
Market Data