Renault targets 23% jump in sale volumes by 2030 from overseas push

Core Viewpoint - Renault aims to increase its sales volumes by 23% by 2030, focusing on expanding its international presence and introducing new models to remain competitive in a challenging global automotive market [1]. Group 1: Sales Strategy - Renault plans to sell half of its vehicles overseas by 2030, with a target of over 2 million Renault-brand vehicles sold annually, up from 1.63 million in 2025 [1]. - The company intends to launch 36 new models over the next five years, with 14 of these models targeted for markets outside Europe, compared to only eight in the previous five years [1]. Group 2: Competitive Landscape - The automaker is facing increased competition from low-cost Chinese manufacturers like BYD and Chery, as well as traditional rivals such as Stellantis, which has led to price pressures affecting profit margins [1]. - Renault's CEO, Francois Provost, emphasized the company's commitment to becoming a benchmark in the European automotive industry on a global scale [1]. Group 3: Electric Vehicle Development - Renault plans to develop 16 pure electric models by 2030, which will constitute 44% of its planned models, while also focusing on hybrid technology to address lower-than-expected demand for electric vehicles in Europe [1]. - A new electric vehicle platform is under development, which will include a range-extender version capable of extending the range to up to 1,400 km (870 miles) [1].