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Renault to reach its goal on integrated electric vehicles chain before 2030 -CEO

Published by Uma Rajagopal

Posted on September 22, 2022

1 min read

· Last updated: February 4, 2026

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Renault CEO Luca de Meo discusses electric vehicle integration strategy - Global Banking & Finance Review
This image features Renault CEO Luca de Meo, who announced the company's goal to achieve an 80% integrated electric vehicle chain ahead of 2030, emphasizing profitability and collaboration in the automotive sector.
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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. De Meo added that collaboration remained a key aspect regarding thermal engines vehicles. Renault upgraded its full-year outlook in July, saying that its […]

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)

Frequently Asked Questions

What is an integrated electric vehicle chain?
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.
What is a turnaround plan?
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.
What are thermal engine vehicles?
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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