24/4/2025, 2:13:02 pm

Renault Confirms Full-Year Outlook on Strong EV Demand

Renault's Q1 vehicle sales rose 2.9% to 564,980 units, driven by strong electric vehicle demand. Despite a 0.3% revenue drop due to currency effects and inventory reductions, the company maintains its 2023 financial outlook, targeting a 7% operating margin and €2 billion in free cash flow. Renault delays Alpine's U.S. launch and focuses on Europe and India growth.