Renault Seeks Wider Role in Electric Cars, China in New Strategy
- Carmaker plans about 40% delivery, revenue surge through 2022
- Project includes line-up of eight wholly battery-powered autos
Carlos Ghosn Outlines Renault's Electric Strategy
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Renault SA will double electric-car offerings in the next five years and widen its presence in China to protect its global ranking in building battery-powered autos as competitors including Volkswagen AG expand in the segment.
Electrified models will comprise half of Renault’s line-up by the end of 2022 as the carmaker rolls out eight new or revamped wholly battery-powered autos and adds 12 hybrid vehicles, Chief Executive Officer Carlos Ghosn said Friday in Paris at a presentation of the new business strategy, dubbed Drive the Future.