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Renault seeks to generate 1 billion euros from ‘circular economy’ by 2030

Renault will seek to generate over 1 billion euros ($1.20 billion) in sales from the “circular economy” by turning its Flins factory outside Paris into a research, recycling and repair centre, its CEO informed French weekly Journal du Dimanche.

“Our ambition, by 2030, is to achieve more revenue (from recycling and repair at Flins) than from assembling cars there,” said Luca de Meo, Renault’s CEO. “And to generate more than a billion euros in turnover in the circular economy.”

This represents slightly more than 2% of Renault’s overall sales in 2020.

Renault confirmed in 2020 that it would stop assembling new cars at the Flins factory and turn the site into a research, recycling and repair centre by 2024. Such a move will help the automaker to save full-time jobs at the plant.

The automaker looks to employ 3,000 people at the revamped site by 2030.

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