Published by Global Banking & Finance Review®
Posted on December 12, 2025
2 min readLast updated: January 20, 2026
Renault exits car-sharing and reduces EV charging plans to focus on profitability amid challenging market conditions.
Dec 12 (Reuters) - Renault is shutting down car‑sharing services and slowing the rollout of fast‑charging stations at its Mobilize unit, which focuses on new transport solutions, as it seeks to funnel investments into more profitable ventures.
As part of the reorganization, the French automaker will also reintegrate energy and data activities into the main group, it said on Friday.
The overhaul will cut about 80 of the roughly 450 positions at the Mobilize Beyond Automotive division. Renault will favour voluntary departures and internal personnel moves, a company spokesperson said.
"Other activities ... with limited profitability prospects or that do not directly serve the group's strategic priorities are being discontinued," Renault said in a statement, mentioning Zity car-sharing schemes in Milan and Madrid and the micro electric car Duo.
Created in 2021 by then-CEO Luca de Meo, Mobilize was designed to explore new mobility solutions beyond Renault’s traditional business of making and selling cars, such as car-sharing, charging services for electric vehicles and user data management.
But François Provost, who became Renault's chief executive at the end of July, decided after a review that heavy investment in rapid-charging infrastructure was no longer a priority amid tight capital allocation and industry challenges.
"We are in a context of adjusting Renault's capital allocation, the auto industry is in a difficult environment, and we have many investments to finance," Jérôme Faton, head of Energy at Mobilize, told Reuters.
Renault will scale back its charging network ambitions, targeting 100 stations in France and more than 100 in Italy by the end of 2026, far below the previously stated goal of 650 charging stations across Europe by 2028. Planned projects in Belgium and Spain have been abandoned.
(Reporting by Gilles Guillaume in Paris; Writing by Jerome Terroy and Alban Kacher in Gdansk; Editing by Milla Nissi-Prussak)
Car-sharing is a service that allows individuals to rent cars for short periods, often by the hour or day, providing a flexible alternative to car ownership.
Electric vehicles (EVs) are cars that are powered by electricity instead of gasoline or diesel, using rechargeable batteries to operate.
Corporate strategy refers to the overall plan and direction that a company takes to achieve its goals and objectives, including resource allocation and market positioning.
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