Renault Returns to Profit on Strong EV Demand Despite Chinese Competition

Renault reported a €700 million first-half profit, swinging back into positive territory as revenue rose 9.4%, supported by higher prices, contract manufacturing and strong demand for its Renault 5 electric model.

The company confirmed its full-year margin target while continuing to cut costs and prepare new electric and hybrid models, positioning itself as one of the more resilient European automakers navigating pressure from Chinese rivals.