Renault Group is embarking on a major transformation of its production methods which marks a crucial step in its Renaulution strategic plan's Revolution phase. The primary goal is ambitious: to slash the production costs per vehicle significantly. The aim is to achieve a remarkable 30% cost reduction for internal combustion vehicles and an even more impressive 50% reduction for electric vehicles by 2027.
Key Objectives in Simple Terms
- Saving Money: Renault Group wants to make vehicles more affordable by finding ways to spend less on making them. They plan to cut costs by 30% for regular cars and a whopping 50% for electric cars by 2027.
- Faster Cars: The company wants to speed up the time it takes to create a new car. Usually, it takes three years, but Renault aims to do it in just two years.
- Going Digital: Renault is embracing the digital age, making everything computerized. They were the first to create something called an "Industrial Metaverse," and now they want to do even more things with computers.
- Smart Ways to Build Cars: The plan is not just about saving money but also about finding better and smarter ways to build cars. For example, they want to build one of their future cars, the Renault 5, in just nine hours.
- Better Quality: Renault is proud that their cars are getting better. They say the reliability of their cars has become three times better in just two years.
- Being Eco-Friendly: Renault Group cares about the environment and they are one of the best in the world when it comes to using energy efficiently and creating less pollution.
Why It Matters
Cars are changing a lot these days and Renault Group wants to be a leader in making cars for the future. This plan is not just about making cars cheaper it is also about being quicker, smarter, and kinder to the planet and Renault Group wants to build cars that are ready for whatever the future holds in the world of cars.