Renault Group formally launched its new multi-year strategic framework, futuREady, on Tuesday, outlining a broad programme of product investment, technological development and operational reform intended to position the company as the benchmark European carmaker on a global scale.
The plan, presented by Chief Executive François Provost — who took the role last July — builds on the preceding Renaulution strategy launched in 2021, which the company credits with restoring its standing among Europe's leading manufacturers. Renaulution delivered 32 new vehicle launches over five years and established clearer positioning for the group's three brands: Renault, Dacia and Alpine.
Four Pillars
futuREady is organised around four pillars — Growth Ready, Tech Ready, Excellence Ready and Trust Ready. The product offensive sits at its core, with 22 models earmarked for European markets, including 16 electric vehicles, and a further 14 planned for international markets across growth hubs in India, South America and South Korea.
On technology, the group announced a next-generation electric platform — the RGEV Medium 2.0 — designed to undercut the cost of current electric vehicles by 40 percent. The platform will support an 800-volt architecture capable of 10-minute charging by 2030 and is projected to deliver a range of up to 750 kilometres in pure-electric form, or up to 1,400 kilometres with a range-extender variant. Renault Group also stated it intends to become the first European manufacturer to launch a Software Defined Vehicle in Europe, planned for 2026.
Operational And Financial Targets
Operationally, the group is targeting a two-year vehicle development cycle — a pace it says is necessary to keep up with Chinese competitors — along with a 50 percent reduction in quality incidents and a roughly €400-per-vehicle annual reduction in variable costs. The plan also calls for 350 humanoid robots to be deployed in factories and for artificial intelligence to supervise all key manufacturing control points, with the stated aim of halving factory downtime and cutting energy use by 25 percent.
From a financial standpoint, Renault Group is targeting a group operating margin of between 5 and 7 percent of revenue over the medium term, alongside automotive free cash flow of at least €1.5 billion per year on average. Research, development, capital expenditure and supplier entry costs are to remain below 8 percent of group revenue.
Partnerships And People
The group's Trust Ready pillar addresses its relationships with employees, suppliers, dealers and manufacturing partners. Renault Group stated it will invest in the skills of its nearly 100,000-strong workforce and deepen collaboration with suppliers from early project stages. The group also confirmed it expects to manufacture more than 300,000 vehicles per year for third-party manufacturers — including Nissan, Mitsubishi Motors, Volvo Group's Renault Trucks division, Geely and Ford — across three continents by 2030.
Provost said the plan reflected both the company's heritage and a clear direction of travel. "At Renault Group, we know where we come from. Today, we know where we want to go, how and who with," he stated.