​Renault Group is launching a “deep transformation of its industrial system” plan and announcing a goal to reduce industrial vehicle costs by 2027: 30% for thermal vehicles and 50% for electric vehicles, the company said.

The plan will also help reduce the average vehicle development time from three to two years.

Renault Group says it is relying, in particular, on what it calls the “Industrial Metaverse”, which is “an accelerator of competitiveness to redefine car manufacturing”.

Renault Group also announces the introduction of new models at its plants.

What Renault says about new models

“Renault Group announces the production of eight new Renault cars at its factories. At the Curitiba plant, alongside the Renault Kardian, the Renault Group will produce a second model on the new modular platform. In Turkey, at the factory in Bursa, the Group announces the production of four new models by 2027. (…) Thus, the Group has halved its industrial investment over the past four years and will be able to launch 12 new models in 2024.

What Renault says about the “industrial metauniverse”

“Renault Group’s Industrial Metaverse enables faster and better production, while reducing costs and carbon emissions from industrial processes. In 2023, Metaverse allowed the group to save 270 million euros, especially on predictive maintenance of facilities. Connecting all workstations and, more broadly, the entire ecosystem (transport, suppliers, etc.) is a key factor that enables the Renault Group to reduce vehicle delivery times by 60% and halve its carbon footprint in car manufacturing.”