According to the information on the website, this new concept car will be unveiled in May 2022.

Designed under the direction of Gilles Vidal, Renault Design Director, this concept car is part of the company's recently announced objective of achieving a 100% electric energy mix by 2030.

This unprecedented concept-car, with a hydrogen engine, embodies the decarbonization trajectory of the Group and the Renault brand as well as their progress in terms of circular economy, recycled and recyclable materials. Also, on-board technological innovations serve the safety of the driver and users.

Renault also presented its financial results for 2021. The group’s revenue reached €46.2bn, a 6.3% increase compared to 2020.

The Group recorded a positive operating margin of €1,663m (3.6% of revenue) compared to -€337m in 2020. It reached 4.4% of revenue in the second half of 2021.

Decarbonization, at the heart of Renault’s ESG strategy

In 2021, Renault Group released its Corporate purpose: "Our spirit of innovation takes mobility further to bring people closer" and published its ESG strategy based on 3 pillars: carbon neutrality, safety and inclusion.

„Renault Group aims to achieve carbon neutrality in Europe by 2040 and worldwide by 2050 by reducing its carbon emissions over the entire life cycle of the vehicle: materials and components purchased, production sites, vehicle emissions on the road, second life but also recycling. This Climate Strategy was presented in the Climate Report published in April 2021”, it is stated in the press release by the Group.

Over the past decade, Renault Group and the Alliance have already invested more than €10bn in electrification. This movement is accelerating: the Alliance will invest €23bn over the next five years. Thanks to the 5 common electric platforms covering most segments, Renault brand aims to become 100% electric by 2030 for passenger cars in Europe.

More than one year ago, Renault Group launched the ReFactory project to transform the Flins plant (Yvelines, France) into the first European factory dedicated to the circular economy of mobility and structured around 4 activity centers:

RE-TROFIT with the “Factory VO” (Used Vehicles), the first factory specialized in the retrofitting and refurbishing activities of used cars on an industrial scale;

RE-ENERGY contributing to the development of applications for the 2nd life of batteries and new energies;

RE-CYCLE bringing together recycling and reuse of parts and materials;

RE-START, innovation and training center project, bringing together 3 entities: an innovation center dedicated to the industry 4.0, a training campus and an incubator dedicated to research and innovation in the circular economy.

The Flins ReFactory aims to retrofit 45,000 vehicles per year by 2023 and repair 20,000 batteries per year by 2030, with 3,000 jobs on site in 2030. This global industrial project is intended to be deployed more widely, like the project launched at the Seville plant.

2022 outlook

In an environment still impacted by the semiconductor crisis, particularly in the 1st half of 2022 (total loss estimated at 300,000 vehicles on 2022 production), and by the increase of raw materials prices, the Group is aiming to achieve for the full year a Group operating margin superior or equal to 4%, an Automotive operational free cash flow superior or equal to €1 bn.

Also, Renault Group confirms its ambition in EV with the objective for the Renault brand to be 100% EV in Europe by 2030. To this end, Renault Group is studying the opportunity to bring together its 100% electric activities and technologies within a dedicated entity in France to accelerate their growth.