Renault’s New Plan: Eight Pure Electric & 12 Electrified Models By 2022

2 months ago by Mark Kane 5

Renault has announced its new six-year plan – Drive The Future 2017 – 2022 with an ambitious target of 44% growth, from 3.5 million cars sold in 2016 to more than 5 million in 2022 (although it kinda looks like a 5 year plan to us, as 2017 has almost closed).

Drive The Future 2017-2022

Over that time the company looks to increase its revenues to over €70 billion and margin to 7%, save €4.2 billion on the production and spend €18 billion on R&D.

None of that we really care about though…so, what of plug-in technology?

Renault stats the number of electric cars offered by the company is to increase to 8 over the period, and there will be also 12 electrified models.  

It is unclear if Renault means straight hybrids (and how many) when it says “electrified models”, but we have already heard confirmation that Mitsubishi’s PHEV (plug-in hybrid) technology will be put to use in both Renault and Nissan’s lineup in the future; so, we expect at least a couple PHEVs to dot the French automaker’s lineup in the coming years.

Renault currently offers the ZOE, Kangoo Z.E. and Twizy, as well as technically the SM3 Z.E. in South Korea, through Renault Samsung Motors.

The newest model to be the Master Z.E., a full size/commercial electric van.

Bring on the EVs!

More details:

Drive The Future 2017-2022: New strategic plan builds on record results, targets sustainable, profitable growth

#DriveTheFuture

Groupe Renault Strategic Plan targets by the end of the plan:

  • Revenues over €70 billion1

  • Operating margin over 7%, representing a 50% increase in value, with a floor at 5% throughout the plan

  • Positive free cash flow each year

  • €4.2 billion Monozukuri savings over the plan

  • €18 billion invested in Research & Development

  • Over 5 million vehicles sold, doubling sales outside of Europe

  • EV Leadership: 8 pure electric vehicles, 12 electrified models

  • 100% connected vehicles in key markets and 15 AD Renault vehicles

Renault Kangoo Z.E.

Paris, October 6, 2017 – 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.

Under the Drive The Future plan, Groupe Renault forecasts that unit volumes will grow more than 40% to over 5 million units, compared with 3.47 million units2 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.”

Key elements of the plan include:

Worldwide profitable growth:

– 21 new vehicles including 3 add-ons
– Expanded Russia presence through Renault and investments in AVTOVAZ (Lada)
– Accelerating opportunities in China, new strategic joint ventures in EV and LCV
– Growing market opportunities in Brazil, India, Iran

Alliance scale and technologies to support the growth:

– €4.2 billion in Monozukuri savings over the plan
– Common platforms – 80% of Group Renault vehicles
– R&D Investment – €18 billion over six years, with a multiplier effect from the Alliance
– Connected – 100% vehicles connected in key markets
– Autonomous – 15 AD vehicles
– New mobility services – Ride-hailing, robo-taxi services by end of plan

As well as Groupe Renault key assets:

– Globalizing light commercial vehicle (LCV) range; becoming a top global player
– Expanding the group’s already successful Global Access range
– EV Leadership – 8 pure electric vehicles models, 12 electrified models
– RCI Bank and Services – supporting customer loyalty and expanding connected and mobility services

Drive the Future will also include investment in digitalization in all parts of the company, in new talent recruitment and skills development. The plan will enhance industrial competitiveness, reduce the company’s carbon footprint, and improve sustainability.

Drive The Future – the presentation will be available on October 6, 2017 on www.groupe.renault.com or visit for more information drivethefuture.groupe.renault.com.

1 with FX from banking consensus September 2017.
2 Including Avtovaz consolidated on December 31, 2016.

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5 responses to "Renault’s New Plan: Eight Pure Electric & 12 Electrified Models By 2022"

  1. ffbj says:

    Pablum for investors.

  2. CDAVIS says:

    Carlos Ghosn’s EV Blind Spot:

    Insuring access to a convenient & reliable supercharging network.

    1. Jasmin says:

      Renault mostly sells in Europe where there is there is a dense rapid network already. Renault needs to move from rapid A.C. to DC to take full advantage but it’s not necessary to do a Tesla. Proprietary standards in car charging is a dead end for volume manufacturers in the long run. It’ll work for Tesla as a north American niche/premium brand but Renault has always been a European mass market product and thats a very different dynamic.

  3. Peter says:

    As usual other carmakers leave the charging to the buyer and the electricity market.
    And the trough is that most cars will be charged at home or at some parking spot with low speed.
    Only some few will need high speed charging in there every day life.
    Tesla is the only car company that takes care of the full package. And they will make money on this part as well in due time. The other carmakers have not understood that there is money to be made in selling electricity produced by solar roofs with battery packs.
    Business models will change.

  4. squanto says:

    I want an electrified Renault Espace. Thanks.

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