核心战略落地：价值创造为核，盈利能力提升 集团坚定不移推行"价值创造"核心商业策略，成效显著。欧洲五大零售市场贡献了集团近60%的乘用车销量，其中3款车型跻身该类别销 量前五，头部产品号召力突出。高端化布局持续深化，欧洲C级及以上车型销量占集团乘用车总销量的31.1%，产品结构持续优化。同时，车 辆残值管理表现优异，较欧洲竞品高出5-12个百分点，进一步增强了产品全生命周期竞争力。 电动化转型：双路径并行，品牌多点突破 在欧洲乘用车市场，雷诺集团电动化进程加速推进，全年混动车型销量达40万辆，同比增长35.1%；电动车型销量19.4万辆，同比激增 76.7%，双动力路径成效凸显。 雷诺品牌以新车型为引领，电动车型占乘用车销量比重达20.2%，其中雷诺5 E-Tech电动版位列欧洲零售市场第二畅销电动车；混动车型 销量28.7万辆，同比增长17.0%，占品牌乘用车销量的38.4%，稳居欧洲混动市场第二位，Symbioz成为最畅销混动车型。达契亚品牌电动化转 型提速，全年混动车型注册量11.3万辆，同比暴涨121.7%，成为品牌增长新动力。 三大品牌细分表现：各有侧重，协同增长 2025年，雷诺集团全球销量再攀新 ...

Core Insights - Renault Group achieved a third consecutive year of growth, with a total of 2,336,807 vehicles sold globally in 2025, reflecting a 3.2% increase compared to 2024, outperforming the overall market growth of 1.6% [4][15] - The growth was driven by strong international sales and a focus on electrification, with two-thirds of Renault's sales being electrified vehicles (EV and HEV) [2][4] Renault Brand Performance - Renault sold 1,628,030 vehicles in 2025, marking a 3.2% increase, with a notable 10.0% growth in global passenger car sales [4][14] - In Europe, Renault secured the second position in the passenger car and light commercial vehicle market, achieving a 7.4% growth in passenger car sales [3][4] - Full hybrid sales rose by 17.0%, reaching approximately 287,000 units, which accounted for 38.4% of the brand's passenger car sales, significantly above the market average [3][4] Dacia Brand Performance - Dacia recorded 697,408 vehicle sales in 2025, representing a 3.1% growth compared to 2024, and became the second-largest brand among retail customers in Europe [7][8] - The brand's hybrid sales more than doubled, increasing by 121.7%, now accounting for 19.2% of its total passenger car sales [10] Alpine Brand Performance - Alpine achieved a historic performance with 10,970 vehicle registrations in 2025, reflecting a remarkable growth of 139.2% [10][11] - The brand's expansion included the successful launch of the Alpine A290 and the introduction of the new Alpine A390, which is expected to attract new customers [10][11] International Sales Growth - Renault's international sales grew by 11.7%, with significant increases in core markets such as Latin America (+11.3%), South Korea (+55.9%), and Morocco (+44.8%) [4][6] - Outside Europe, Renault's passenger car and light commercial vehicle sales accounted for 38% of total brand volumes, up by 2.9 points [6] Electrification Strategy - Renault Group's electrification offensive continued, with approximately 400,000 hybrid vehicles sold (+35.1%) and around 194,000 electric vehicles sold (+76.7%) in 2025 [4][5] - The Renault brand's electric vehicles now account for 20.2% of its passenger car sales, supported by new models and a strong focus on hybrid sales [5][10] Future Outlook - In 2026, Renault Group plans to continue its product offensive, introducing new models such as the Renault Clio and Twingo E-Tech electric, while expanding its international growth strategy [4][13]

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]

Group 1 - The core viewpoint is that European automakers are continuing to show significant growth in electric vehicle (EV) sales in the first half of 2025, with major brands like Volkswagen, Renault, and BMW leading the charge [1] - Volkswagen Group's BEV deliveries in Europe increased by 89% year-on-year, while Renault's BEV sales rose by 57%, and BMW's new energy vehicle sales grew by 35% [1] - Stellantis saw a substantial improvement in sales, with some brands like Citroën achieving a 185% year-on-year increase in pure electric sales, while Mercedes-Benz's new energy vehicle sales remained flat [1] Group 2 - European automakers are set to continue launching new electric vehicle models in 2025-2026, which is expected to solidify and extend the trend of electrification [2] - Renault plans to release multiple electric models, including the Alpine A390 and Renault 4, while Stellantis will introduce several models based on new platforms [2] - Volkswagen, BMW, and Mercedes-Benz are also preparing to showcase or begin production of their next-generation electric vehicles, with significant product launches planned for 2025 and 2026 [2]

Group 1 - Renault Group appointed François Provost as CEO of Renault S.A. and Chairman of Renault s.a.s, effective July 31, for a four-year term [1] - François Provost, 57, has extensive international operational and strategic management experience, having served in various key management positions within Renault since 2002 [1] - The previous CEO, Luca de Meo, announced his resignation effective July 15, seeking new challenges outside the automotive industry after leading significant reforms at Renault [3] Group 2 - Renault Group announced that Duncan Minto will serve as interim CEO of Renault S.A. starting July 15, 2025, until a new CEO is appointed [4] - The company is facing multiple challenges, including weak demand in the European market and increased competition from Chinese automakers, leading to a downward revision of its performance expectations for the year [4] - Renault Group's financial report for the first half of 2025 showed revenue of €27.64 billion, a 2.5% increase year-on-year, with automotive revenue at €24.49 billion, a 0.5% increase [5] Group 3 - Under François Provost's leadership, Renault plans to launch seven new models this year, including electric vehicles and mid-cycle updates for existing models [7]