The French automotive manufacturer, Renault, announced last Friday (10/6/17) that half of its vehicle models will be electric or hybrid by 2022. The company also plans to invest heavily in “Robo-Vehicles” that have varying levels of autonomous functions. The strategic plan they released on Friday shows the goal is to boost annual revenue to €70 billion ($82.2 billion) in the next five years from the €51 billion it made last year.
These plans line up with the vision proposed last month by the Renault Nissan Mitsubishi alliance, the world’s number one carmaker by sales. The automotive company’s new direction relies on saving money by sharing platforms with Nissan and Mitsubishi. Carlos Ghosn, the CEO of Renault, claimed that the company is aiming to sell 5 million vehicles annually by 2022 up from the 3.2 million it sold last year.
It is no surprise that the alliance is making the push toward the electric vehicle market, especially with companies like Tesla and Volvo leading the charge. This also comes in the wake of regulators cracking down on emissions from combustion engines after the Volkswagen scandal. Ghosn also firmly believes in the autonomous future of vehicles. He assured that Renault will be a major player in mass market electric and self driving cars.
Renault pledges that it will have eight different types of electric vehicle models in the next five years and 12 hybrid models by 2022. Currently, the company offers 19 diesel or gasoline models that it sells worldwide.
To further show their support for Electric Vehicle manufacturing, Renault purchased 25% of a Dutch startup focused on controlling the flow of energy to and from a car’s battery when it is plugged into a charger. The technology developed by Jedlix is able to intelligently manage the energy flow of the charging station so that it takes energy during the cheapest and most sustainable hours.
During less efficient hours the technology is able to restrict or halt the flow of energy, this is all dependent on when the car is needed for use next. The charging station knows this thanks to a new app developed by Renault and Jedlix called Z.E Smart Charge, which users can program to specify a minimum charge by a certain time. The Senior Vice President of Electric Vehicles at Renault said the technology will enable the company to “provide new services to make charging – and thus the use of electric vehicles – even more easy and affordable.”
Renault isn’t the first automotive manufacturer to commit to electric vehicles and certainly won’t be the last. As automotive manufacturing moves into the future, more companies will start to adopt this technology as their main focus as opposed to the current combustion engine centric model. Manufacturing Talk Radio is keeping a close eye on the industry’s move toward electric vehicles so be sure to keep checking back for more information.