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Renault to reach its goal on integrated electric vehicles chain before 2030 -CEO
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PARIS (Reuters) – French carmaker Renault will reach its target of having an 80% integrated electric vehicle (EV) chain before its initial date of 2030, said Renault chief executive Luca de Meo.
PARIS (Reuters) – French carmaker Renault will reach its target of having an 80% integrated electric vehicle (EV) chain before its initial date of 2030, said Renault chief executive Luca de Meo.
De Meo added that collaboration remained a key aspect regarding thermal engines vehicles.
Renault upgraded its full-year outlook in July, saying that its turnaround plan to improve profitability was delivering results ahead of schedule.
(Reporting by Gilles Guillaume; Editing by Sudip Kar-Gupta)
An integrated electric vehicle chain refers to a streamlined process where all components of electric vehicle production, from manufacturing to supply chain management, are coordinated to enhance efficiency and sustainability.
A turnaround plan is a strategic approach implemented by a company to improve its financial performance and operational efficiency, often involving restructuring, cost-cutting, and enhancing profitability.
Thermal engine vehicles are automobiles powered by internal combustion engines that rely on fossil fuels, as opposed to electric vehicles which use electric motors and batteries.
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