Renault making higher profits on compact electric models than Megane, says CEO

Renault says its compact electric R5 is delivering better margins than larger models like the Megane or Scenic, according to CEO Francois Provost. While no figures were provided, the commentary points to improved profitability at the product level, which should be supportive for sentiment around the EV lineup.

Analysis

Renault says its compact electric R5 is delivering better margins than larger models like the Megane or Scenic, according to CEO Francois Provost. While no figures were provided, the commentary points to improved profitability at the product level, which should be supportive for sentiment around the EV lineup.