Renault swings to profit in first half despite intense Chinese competition
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FILE PHOTO: An employee works at the automotive assembly line for the electric Renault R5 E-Tech car at the Renault factory of the Ampere ElectriCity site in Douai, France, July 15, 2026. REUTERS/Benoit Tessier/File Photo
PARIS, July 29 (Reuters) - Renault swung back to a profit in the first half of 2026 versus a large one-off loss in the same period last year, with electric vehicle sales up sharply despite intense competition from expanding Chinese brands.
The French carmaker on Wednesday reported first-half revenue of 30.25 billion euros ($34.43 billion), up 9.4% from 27.64 billion euros a year earlier. The company posted a net profit of 700 million euros versus a 11.14 billion euro loss in the same period of 2025.
Analysts had expected revenue of 29.4 billion euros and a net profit of 770 million euros for the six-month period.
($1 = 0.8787 euros)
(Reporting By Gilles Guillaume; writing by Nick Carey; Editing by Kirsten Donovan)
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