Renault will close the third and final chapter of its recovery plan, called Renaulution, with a serious cut in its industrial costs. The manufacturer has just announced that it is targeting a reduction in its production and logistics costs per vehicle by 30% for thermal vehicles and 50% for electric vehicles by 2027.
This plan should also contribute to reducing vehicle development time from three to two years. This reduction should allow it to remain profitable and competitive, particularly in the production of electric vehicles weighed down by an additional cost of 30% to 40% due to batteries.
To achieve this, Renault is counting on the increased digitalization of its entire industrial system, in short on the use of data throughout the production chain.
According to the group, Renault’s 12,000 connected industrial equipment around the world “feed back” two million data every minute and three billion per day. Renault indicates that it has saved 270 million euros in 2023 thanks to the “industrial metaverse”, that is to say by using digital data in particular for the predictive maintenance of installations.
Connecting all workstations and the entire logistics chain (transport, suppliers, etc.) should also enable it to reduce vehicle delivery times by 60% and halve the carbon footprint of vehicle manufacturing. its vehicles. Artificial intelligence is also used in quality control.
Reducing industrial costs also involves reducing energy consumption. The group’s objective is to reduce the energy consumption of its industrial sites by 40% by 2025.
All of these cost reductions, which have not been quantified, should help the group meet its financial objectives. Luca de Meo, the CEO of Renault, promised that the group’s operating margin would be higher than 8% from 2025 and 10% in 2030. Last October, Renault managers reaffirmed that the group should reach from this year a margin between 7 and 8%.
