Renault Group splits into five businesses

Renault is starting the third phase of its Renaulution plan, in which it aims to become a next-generation automotive company.

The business will be split into five focused areas, to embrace emerging trends and technologies, while also deepening its ties with Geely.

Luca de Meo, chief executive officer of Renault Group. “After having executed one of the fastest and unexpected recovery plans, after having prepared the company for growth by securing the development of the best product line-up in decades, we intend to position ourselves faster and stronger than competition on the new automotive value chains: EV, software, new mobility and circular economy.”

The first division is Ampere, which will develop, build and sell electric vehicles (EVs). By 2030, Ampere will have a line-up of six electric cars in the fastest-growing segments in Europe, covering 80% of the EV mainstream profit pool. These will include the recently launched Megane E-Tech, plus the upcoming Renault 4 and 5 electric models.

Alpine is the second business. Following its re-birth, the brand will now focus on launching a new fully-electric line-up including a hatchback and a crossover.

Renault’s third business will be Mobilize, its financial services arm. It will expand its traditional offering while developing in new areas such as subscription, insurance, and operational leasing.

To materialise its commitment to circular economy and to move towards resources neutrality, Renault Group announced in October the creation of a new company: The Future Is NEUTRAL. Bringing together all the existing expertise of the Group and its partners in this activity, this new entity offers closed-loop recycling solutions at each stage of a vehicle's life: supply of parts and raw materials, production, usage and end of life. 

ICE & hybrid vehicles will still represent up to 50% of passenger cars sales worldwide even by 2040. Developing efficient technologies in that field remains key for the future of any global OEM. Therefore, Renault Group is ensuring the further development of its core business, with the launch of a totally new range of Renault ICE & Hybrid (passenger cars), Dacia and LCV. Renault Group and Geely will combine their ICE in a 50-50 entity. This dedicated business will design, develop, produce, and sell all ICE & hybrid powertrain components and systems.