Renault has achieved a revenue increase despite lower global sales volumes. According to its interim report released on July 30, the group's worldwide sales reached 1.1651 million vehicles in the first half of 2026, a slight 0.4% decline year-on-year, while revenue expanded by 9.5%.

The core transformation evident in this financial report is that Renault is maintaining its product mix in Europe while simultaneously shifting China's role from a sales market to a supply chain collaboration hub.

In the first half of 2026, the Renault Group posted revenue of 30.3 billion euros, a 9.5% increase compared to the first half of 2025. Automotive revenue specifically reached 26.8 billion euros, up 9.3% year-on-year, and Mobilize financial services contributed 3.4 billion euros, marking an 11.0% rise.

Europe remains the primary operational stronghold for the Renault Group.

During the first half of this year, the Renault brand maintained a strong market share in the European passenger car and light commercial vehicle segments. Dacia and Alpine cater to the high value-for-money and premium price segments respectively, with the three brands collectively forming the group's European portfolio.

A key change in Renault's European product structure is evident in the share of electrified vehicles. In the first half, electrified models (including both battery electric and hybrid vehicles) accounted for 52.0% of sales, an increase of 8.2 percentage points compared to the same period last year.

Renault's strategy in the Chinese market has shifted direction: facing price and technology competition from Chinese new energy vehicle makers, it is gradually withdrawing from direct competition in traditional passenger car sales, while retaining China as an important source for industrial chain collaboration.

Currently, Renault's business focus in China has moved from direct local market sales to supply chain partnerships, with Geely Holding Group being a core collaborator.

In the technology and powertrain domain, HORSE Powertrain, a joint venture established by Renault, Geely, and Saudi Aramco, serves as a platform for developing hybrid systems in partnership. Through joint investment and collaborative R&D, the resulting products are used in Renault's global vehicle lineup.

This collaboration extends to global production capacity and regional markets. From restructuring production at a South Korean plant to sharing distribution channels and factory facilities in emerging markets like Latin America, Renault is leveraging its Chinese partners' technology, capital, and platform architectures to share the development costs of new models.

From an operational perspective, Renault is spreading technology development, production capacity, and distribution investments across different partners and regions to reduce individual spending in non-core markets.

The Renault Group has reaffirmed its full-year financial guidance for 2026, forecasting an operating margin of around 5.5% and automotive free cash flow of approximately 1.0 billion euros.

Overall, Renault's first-half performance growth was largely driven by solidifying its European base and innovating through its Chinese supply chain partnerships. The company has achieved a delicate balance between financial performance and business transformation.

However, as major Chinese automotive manufacturers accelerate their global expansion, establishing production bases and sales networks directly in Europe, Renault's home market will ultimately face direct competition from vertically integrated local players. Looking ahead, whether the cost advantages from Renault's international collaborations can continue to fortify its market defenses remains subject to further validation by end-user markets.