Renault, the renowned car manufacturer, has commenced an ambitious journey to slash its vehicle production costs by a staggering 50% in the next four years. This novel initiative will hinge on integrating cutting-edge digital and artificial intelligence (AI) technologies.
Production and Development
As reported by Reuters, Renault’s strategy is to decrease production costs per vehicle by 30% for internal combustion vehicles and 50% for electric vehicles by 2027. This new step not only targets cost efficiency but also aims to accelerate vehicle development, shortening the process from three years to an astonishing two years.
AI: The Driving Force of Change
Renault currently harnesses over 300 AI applications for enhanced quality control and efficient tracking of car parts like tires. BNN reports a bold plan to expand this to 3,000 applications by 2025, signaling a massive escalation in Renault’s AI deployment.
Investment and Expansion
Renault is channeling a significant 400 million euros into its Turkish Bursa site. This investment will back the production of four new models, including the cost-effective SUV, Duster. Poised to become a key export hub, the Bursa plant will cater to both European and global markets.
Ampere: A New EV Innovation
Renault marked a milestone with the spinoff of Ampere, its electric vehicle (EV) arm, setting the stage for an initial public offering (IPO) in the upcoming spring. With an estimated value of €10 billion, Ampere represents a crucial aspect of Renault’s strategy, as CEO Luca de Meo envisions it as a vital player in the European market, countering competition from the US and China.
Renault’s approach is not merely about cost-saving; it’s a stride towards reinforcing its international footprint and adapting to the evolving automotive sector. This bold leap towards innovation and efficiency could redefine industry standards, showcasing Renault’s dedication to maintaining its lead in automotive technology and market adaptation.
DON’T MISS | EV Revolution: Impact on Used Gasoline Vehicle Market
