French car manufacturer Renault Group said on Tuesday it plans to launch 36 new models by 2030 as part of its new futuREady strategy.
The company said it will accelerate technological roadmaps for all key technologies and set highly ambitious goals for operational performance, with the widespread use of artificial intelligence.
Over the medium term, Renault Group aims to generate consistently robust financial results, with an operating margin of between 5% and 7% of revenue and an automotive free cash flow superior or equal to €1.5 billion ($1.7 billion) per year on average.
With futuREady, Renault wants to become the reference European carmaker at a global level. The group plans to bring 22 new models to Europe including 16 electric ones, and 14 models to international markets.
By 2030, Renault is aiming to sell over 2 million vehicles every year, half of them outside Europe, and achieve 100% electrified sales in Europe and 50% outside Europe.
The group is planning to halve downtime in its factories and cut energy consumption by 25%, for a 20% reduction in production costs globally.
