Half of Re­nault mod­els to be elec­tric by 2022

The Witness - Wheels - - MOTORING -

PARIS — French car­maker Re­nault said last Fri­day that half of its mod­els will be elec­tric or hy­brid by 2022 and it’s in­vest­ing heav­ily in “robo-ve­hi­cles” with in­creas­ing de­grees of au­ton­omy.

A strate­gic plan aims to boost Re­nault an­nual rev­enues to €70 bil­lion (R1,1 tril­lion) by 2022 from €51 bil­lion last year, in part through an ef­fort to dou­ble sales out­side its tra­di­tional mar­kets in Europe — es­pe­cially Rus­sia and China.

The plans re­flect the vi­sion laid out last month by the Re­nault Nis­san Mit­subishi al­liance, the world’s num­ber one car­maker by sales.

Many of Re­nault’s new aims de­pend on sav­ing money through shar­ing plat­forms and de­vel­op­ment with Nis­san and Mit­subishi.

Chief ex­ec­u­tive of­fi­cer Car­los Ghosn said Re­nault is aim­ing to sell more than five mil­lion ve­hi­cles an­nu­ally by 2022 from 3,2 mil­lion in 2016.

As reg­u­la­tors crack down on emis­sions from com­bus­tion en­gines and as driv­ers seek cars that can do more by them­selves, Ghosn wants to po­si­tion Re­nault as a ma­jor player in mass-mar­ket elec­tric and driver­less cars.

“We are con­fi­dent we can turn up­com­ing ... chal­lenges into sig­nif­i­cant busi­ness op­por­tu­ni­ties for Re­nault,” he said.

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