French automotive manufacturer Renault has announced an ambitious five-year expansion plan that targets a 23% increase in vehicle sales by 2030, with international markets playing a central role in the company’s growth strategy.
The automaker revealed on March 10 that it intends to sell 50% of its Renault-branded vehicles in overseas markets by the end of the decade, a significant jump from the current 38%. This international push comes as the company faces mounting pressure from budget-friendly Chinese competitors such as BYD and Chery, along with established European rivals like Stellantis.
Renault’s expansion blueprint includes launching 36 new vehicle models over the next five years, with 14 specifically designed for markets beyond Europe. This represents a dramatic increase from the eight international models introduced in the previous five-year period.
The company projects annual sales of more than 2 million Renault-branded vehicles by 2030, representing a 23% increase from the 1.63 million units sold in 2025. CEO Francois Provost, who assumed leadership last year, emphasized the company’s commitment to global competitiveness.
“We will show that we are here for the long term and we will become the benchmark for the European automotive industry on the global stage,” Provost stated.
The French manufacturer plans to leverage partnerships with companies like China’s Geely to strengthen its presence in South America and South Korea, while relying primarily on internal technology development for European products.
Renault’s current position marks a significant improvement from five years ago, when substantial financial losses forced the company to withdraw from multiple international markets and eliminate thousands of positions.
The automaker will continue investing in electric vehicle technology despite reduced U.S. government support for EVs under the current administration. Renault plans to introduce 16 fully electric models by 2030, representing 44% of its total planned lineup.
A new electric vehicle platform scheduled for 2028 will feature a range-extender option with a backup gasoline engine, providing up to 870 miles of driving range. The company will also utilize its Horse Powertrain partnership with Geely to create smaller engines for hybrid vehicles.
Two new models will be unveiled at the company’s research facility near Paris: the Bridger, a compact SUV designed for the Indian market, and the Dacia Striker, a crossover wagon intended to compete with Volkswagen Group’s Skoda Octavia.
