Renault sets out to conquer India and Brazil after taming Europe
The French group will operate independently in Europe, although it will manufacture for third parties, while betting on partnerships with partners to grow in other international markets.
Renault is changing its strategy under new CEO François Provost, who took over from Luca de Meo last year. The company's new plan, FutuREady, aims to build on the growth achieved in the past five years, driven by the Renaulution plan, which helped the company recover from significant losses in 2020. Renault plans to focus on international markets, such as Brazil and India, and has announced a partnership with Geely in Brazil to produce a new electrified model with a €319 million investment.
The company aims to produce 300,000 vehicles for third-party clients by 2030 and launch 36 new models from its Renault, Dacia, and Alpine brands within five years.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
