09 Oct '17, 11am

"Renault introduces six-year plan – 21 new models including eight electric vehicles, 12 hybrids by 2022" https://t.co/A1coojfVdI

"Renault introduces six-year plan – 21 new models including eight electric vehicles, 12 hybrids by 2022" https://t.co/A1coojfVdI

Groupe Renault has just revealed its new six-year business plan called Drive the Future , aimed at delivering annual revenues of over €70 billion (RM347.6 billion) and a group profit margin of 7% by 2022, plus positive free cash flow every year. Central to its plan is a massive product offensive, with no less than 21 new models in the pipeline, including a compact MPV for India, a new C-segment crossover and an entry-level electric vehicle for China. Renault is banking heavily on electrification, as it prepares to launch eight full electric vehicles and 12 hybrid models, driven by an expected 30% reduction in battery costs and a 20% reduction in motor costs. Electric vehicles will become more attractive to consumers, according to the company – they will feature interior space belonging to a class above, as well as a flat floor and over-the-air firmware updates. Renault als...

Full article: https://paultan.org/2017/10/09/renault-introduces-six-yea...

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