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Renault expects sales of $ 1.1 billion thanks to new recycling activity

Renault Chief Executive Officer Luca de Meo poses after a news conference as part of a visit to present the Re-Factory, a second-hand vehicles

FLINS, France, Nov.30 (Reuters) – Renault (RENA.PA) said on Tuesday that its recycling business, which has yet to be launched, could generate an additional billion euros ($ 1.13 billion) income by the end of the decade.

“These activities will generate 200 million (euros) in turnover from 2025,” Renault CEO Luca de Meo told reporters in a former automobile production plant in the city of Flins, near Paris, which it reallocates to the recycling and reconditioning of used vehicles. vehicles and components.

The reinvention of the site, which will continue to assemble the electric Zoe and Nissan Micra models for a few years, was one of the central elements of Renault’s 2020 restructuring plan, with which the French automaker aims to increase its profitability.

($ 1 = 0.8840 euros)

Our Standards: Thomson Reuters Trust Principles.

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