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Renault Plans to Boost Sales by 23% by 2030 Via Overseas Mkts
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Renault announced a five-year strategy aiming to sell half of its Renault brand cars overseas by 2030, driving sales growth of over 20%. Currently, Renault is facing intense competition from Chinese carmakers like BYD COMPANY (01211.HK). Renault stated that it will primarily rely on internal technology to develop competitive European products, while partnering with companies such as GEELY AUTO (00175.HK) to significantly increase overseas sales in South America and South Korea. Moreover, the goal is for Renault brand cars to achieve annual sales of over 2 million units by 2030, representing a 23% increase from last year's 1.63 million units, with half of these sales targeted outside Europe. AASTOCKS Financial News Website: www.aastocks.com |
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