电动化转型与多元化矩阵双发力 雷诺集团2025年第三季度营收同比增长6.8%

Core Insights - Renault Group reported strong revenue and sales growth in Q3 2025, demonstrating resilience and growth potential in a challenging market environment [1][4] - The company confirmed its full-year financial expectations, indicating confidence in its strategic positioning and product diversification [1] Financial Performance - In Q3 2025, Renault Group's total revenue reached €11.4 billion, a year-on-year increase of 6.8%, with a higher growth rate of 8.5% at constant exchange rates [1] - Cumulative revenue for the first nine months was €39.1 billion, up 3.7% year-on-year, with automotive revenue at €34.3 billion, reflecting a 1.7% increase [1] Sales Performance - Global sales in Q3 reached 529,400 units, a significant year-on-year increase of 9.8%, driven by growth in both international and European markets [2] - In Europe, passenger car sales grew by 10.9%, outperforming the overall market growth of 7.5% [2] - Renault, Dacia, and Alpine brands all experienced comprehensive growth, with Renault ranking third in the European market [2] Market Orders and Inventory Management - Renault maintained a healthy inventory level of 538,000 units as of September 30, supporting future market supply and sales rhythm [3] - The company plans to launch several new models in Q4, including Renault Boreal and Renault Kwid E-Tech, enhancing its product offerings [3] Electric Vehicle Transition - Electric vehicle sales surged by 58.6% in the first nine months, accounting for 43.9% of total sales, with Q3's share rising to 44.0% [4] - The market share for pure electric vehicles increased by over 5 percentage points to 12.7%, with Q3 sales up 122.1% [4] - Hybrid vehicle market share rose by over 8 percentage points to 30.4%, with Q3 sales growing by 25.0% [4] Strategic Outlook - The CFO emphasized a strategy prioritizing value over volume, focusing on cost optimization and preparing for the next mid-term planning phase to accelerate transformation and unlock future growth potential [4]