Ticker

François Provost, CEO of Renault Group, discusses European competitiveness in the automotive space.

Renault reaffirmed its full-year outlook and said cost-cutting efforts were bearing fruit after reporting revenue growth in the first half of the year.

Renault posted a 9.4% rise in first-half revenue on Wednesday and swung back to profit thanks to strong electric vehicle sales, ​as it withstood growing pressure from incumbent rivals and Chinese newcomers ‌on car prices across Europe.

Renault swung back to a profit in ​the first half of ‌2026 versus a large one-off loss in the same period ​last year, with ​electric vehicle sales up sharply ⁠despite intense competition from ​expanding Chinese brands.

Renault reported a slight drop ​in sales volumes in ‌the first half of the year on Thursday, ​as higher competition in ​its key European market ⁠from new Chinese ​rivals curbed growth in some ​of its brands.