Renault Swings to Profit on EVs Despite China Threat
Renault said fully electric car sales jumped 47.6% and helped lift first-half revenue to €30.25 billion, beating analyst profit expectations.
- On Wednesday, Renault reported a 9.4% rise in first-half revenue to €30.25 billion, swinging back to profit as strong electric vehicle sales offset competitive pressures across Europe.
- The automaker posted a net profit of €700 million, recovering from the €11.18 billion net loss in the first half of 2025 due to a one-time €9.3 billion charge related to its Nissan stake.
- Electric vehicles accounted for one out of every five new sales, while the company achieved a 5.2% operating margin exceeding analyst expectations, though unit sales dropped 0.4% due to logistical issues at Dacia.
- "First-Half results confirm that our strategic model works, even in a complex environment," Renault CEO Francois Provost told reporters amid intensifying price competition from Chinese automakers including BYD and Chery.
- Management confirmed its 2026 operating margin target of 5.5%, continuing to rely on partnerships with China's Geely to expand presence in international markets including South Korea and Latin America.
32 Articles
32 Articles
The Renault Group has presented in Paris its results corresponding to the first semester of 2026 showing a remarkable financial solidity and an accelerated operational execution.With its CEO, François Provost, the gala company has achieved a net result of 705 million euros – leaving behind the red numbers of the same period of the previous year marked by the accounting adjustment with Nissan – and has confirmed the maintenance of all its financi…
The Renault group has recorded a net profit of 705 million euros in the first half of the year, 53% more than in 2025, when they registered 461 (not taking into account the 11,185 million losses recorded due to the situation of Nissan, whose majority shareholder was). Their sales, for their part, have remained stable, with a remarkable growth in electrification, which has led the company to maintain its forecasts for the remainder of the year. T…
Renault swings to profit on EVs despite China threat
Renault has posted a 9.4% rise in first-half revenue 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 reported a 9.4% increase in revenues in the first half of the year and returned to profit, supported by the strong advance of electric car sales, despite the increasing pressure of Chinese manufacturers on European prices, broadcasts Reuters.
The automaker reported first-half revenue on Wednesday that significantly exceeded analysts' expectations, reaching €30.25 billion, a 9.5% increase. The FactSet analyst consensus had forecast €29.05 billion. Another consensus of 21 analysts, sent to the press by the automaker itself, indicated €29.04 billion. This growth was driven by "a strongly positive effect from sales to partners," such as vehicles manufactured by Renault for Mitsubishi a…
Francois Provost, CEO of the group, asks the European Union for greater consistency in the rules in order to better adapt to the electrification processes Carlos de Miguel
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