RENAULT GROUP: Alpine’s Revolution is underway
Press ReleaseJune 26, 2023 |
|
20230626_Alpine_Future_Tour_Press Release_EN
Alpine’s
Revolution
is
underway
Live conference at 14:00 Paris time available on
www.renaultgroup.com
-
Alpine confirms its growth and international development ambition:
over €8 billion in revenue in 2030 and break-even in 2026.
-
The company will develop its own high-performance platform (APP1)
for its future 100% electric sports cars. It targets net-zero
carbon production in 2030.
-
Alpine announces for 2030 a 7-model range including one future
roadster and the all-new A310, both developed on this
platform.
-
At the cutting edge of innovation and motorsports, Alpine will
continue to enhance its motor racing reputation like in endurance
with its own Hypercar from 2024. In F1, Alpine will attract further
investors to step up its team development with Otro Capital,
RedBird Capital Partners and Maximum Effort Investments, investing
in Alpine Racing Ltd (United Kingdom).
The “Renaulution plan”, launched by Luca de Meo,
CEO of Renault Group, has given the iconic French sports car brand
a tremendous outlook. Its strategy will be outlined today by Luca
de Meo and Laurent Rossi, CEO of Alpine, and the Alpine management
team at a press and investor field trip, at the Alpine F1 Team site
in Enstone (UK).
Relaunched in 2017 with the A110 and following a
2021 reorganisation as a Business Unit, Alpine is gearing up for a
new growth phase. The launch of its new 100% electric models from
2024 will enable the brand to boost its revenues so that it can be
at break-even from 2026. From 2027, a world expansion phase will
begin, backed by a line-up tailored to new markets including the
USA, that will help improve Alpine financial performance and brand
value
Alpine confirms ambitious goals:
-
2022 to 2030 compound annual growth rate of 40% (revenue).
-
Break-even operating margin and €2 billion revenues in 2026.
-
Above 10% operating margin and constant revenue increase over €8
billion revenues (including €1 billion assuming the brand will be
launched in China) in 2030.
-
A 100% electric car range by end of 2026 and net-zero carbon
production in 2030.
|
From Renaulution to Revolution
“Alpine is the brand for motorsport and
state-of-the-art technology enthusiasts. Excellence is its focus.
Only two years ago, Alpine was in a dead-end, lacking clear
perspectives. Since then, we have turned it into a fully-fledged
car manufacturer, bringing together outstanding assets: a top-class
engineering center, a unique manufacturing know-how, expanding
distribution network. On top of it, Alpine’s entry into F1 prepares
it to reach new heights, offering the brand the prestige and
recognition attached to the pinnacle of motorsport”, explains Luca
de Meo, CEO of Renault Group.
2022 Alpine revenues hit a record, up 33 % vs
2021. Nearly 7 years after launch, the A110 is the most sold sports
car in France and features among the top 5 sports cars in Europe.
In 2022, the 3 limited editions (the A110 GT J. Rédélé, the A110
Tour de Corse 75 and the A110 R Fernando Alonso) were sold out in
just 30 minutes. The total orderbook stands at 7 months and sales
are expected to exceed 4,200 units in 2023.
The total number of sales outlets has doubled in
barely 2 years to 140, as of 31 December 2022. Alpine has forged
partnerships with RedBird and AutoNation in the USA, bearing out
its attraction in a country where the brand has major ambitions.
What is more, the brand has entered the top 150 most valuable
brands in France for the first time and is now worth €550
million2.
Launch of 7 new models by 2030 to support Alpine
growth
Born from racing, Alpine needs to rise to many
challenges including turning to 100% electric. To do so, it can tap
into the broad array of expertise of its technicians and engineers,
who are in the top rank of the world’s motor racing
specialists.
First, Alpine will draw on its “Dream Garage”
made of 100% electric models as follows:
- The future electric, sporty and
urban A290 (B-segment car based on Renault 5 and Renault 4 CMFB-EV
platform), for which the show-car was unveiled in May, is expected
as from 2024.
- The C-segment Crossover GT, in
2025, that will be manufactured in France at the Manufacture Alpine
Dieppe Jean Rédélé plant.
- The all-new A110, Alpine’s heritage
and know-how flag-bearer, will be 100% electric by end 2026.
The A110 E-ternité prototype has served as a
trial run demonstrating that Alpine has the capacity, and it is
cost-beneficial to develop its own platform, which will mean it can
offer cars true to its sportiness and agility DNA. The APP (Alpine
Performance Platform) will also capitalise on the company's
internal resources to achieve economies of scale.
Underpinning the future electric A110, the APP
is adjustable such that it can change length and width as needed.
It will also be used for new cars including a ground-breaking
A110-based roadster and the new A310, a 4-seat sports coupe.
Lastly, Alpine will launch two new D/E segment
cars on top of its Dream Garage.
Apart from its APP platform, Alpine is
developing proprietary technologies for its exclusive sports models
like a hydrogen internal combustion engine or ADM (Alpine Dynamic
Module), the central intelligence to enhance agility and
performance within our electronic architecture.
“This comprehensive range of sports cars will
cement our market share in our key markets in Europe and Japan. It
will turbocharge our international growth, particularly in the USA
and Asia, where our new models will be on sale from 2027. Our goal
is to expand from a niche segment brand to a fully-fledged global
brand. By combining a larger range with international expansion, we
target an operating margin over 10 % by 2030, and thereby put our
business model on a permanent footing,” explains Laurent Rossi, CEO
of Alpine.
Ramp up Alpine’s transformation backed by
leading partners in their fields
Alpine aims to create an ecosystem by
surrounding itself with key partners to co-invent the sports car of
tomorrow, led by Renault Group. Its APP platform will benefit from
the SDV (Software-Defined Vehicle) expertise of Ampere, Renault
Group's future electric and software pure player. Mobilize
Financial Services will allow Alpine to attract and lock-in its
customers via bespoke financial services. Lastly, on top of its own
sales outlets, the company can draw on Renault Group’s distribution
network for its foreign sales. Other external partners will support
it including Google to develop connectivity services and Verkor to
supply high-performance made-in-France (Dunkirk) batteries.
Alpine strives to enhance its brand image to
boost revenues, by stepping up exposure to motorsports like the
2024 World Endurance Championship, in which Alpine will compete as
factory team in the top category Hypercar, and also in Formula 1,
where it wants to increase licensing and merchandising revenues. To
ramp up its transformation, Alpine will be partnering with new
investors such as Otro Capital, RedBird Capital Partners and
Maximum Effort Investments.
KEY FIGURES Alpine has close to 2,000
employees, 140 sales outlets and five design and manufacturing
facilities
- In 2017, the
Manufacture Alpine Dieppe Jean Rédélé plant (France), Alpine’s
historic location with 343 employees, invested €36 million to
relaunch the A110.
- Les Ulis (France),
the Alpine Cars engineering centre, has 350 sports car experts
spread over a 9,300 square-metres site.
- Guyancourt
(France): a 45-staff design team work on the Alpine brand.
- Viry-Châtillon
(France): 25,300 square-metres, 500+ experts give their unique
engine know-how to serve motor racing - design, assembly, trials
and more.
- Enstone (UK): the
Alpine F1 Team factory developing F1 race cars with some 900
employees.
|
Alpine's strategy will be
detailed on Monday 26 June 2023 at the Alpine Future
Tour. The event will be attended
by Luca de Meo, CEO of Renault Group, and Laurent Rossi, CEO of
Alpine, in Enstone (UK).
The event will be broadcast from
13:00 (UK time) / 14:00 (French time) on the
website:
www.renaultgroup.com
About Renault
Group
Renault Group is at the forefront of a mobility
that is reinventing itself. Strengthened by its alliance with
Nissan and Mitsubishi Motors, and its unique expertise in
electrification, Renault Group comprises 4 complementary brands -
Renault, Dacia, Alpine and Mobilize - offering sustainable and
innovative mobility solutions to its customers. Established in more
than 130 countries, the Group has sold 2.1 million vehicles in
2022. It employs nearly 106,000 people who embody its Purpose every
day, so that mobility brings people closer. Ready to pursue
challenges both on the road and in competition, Renault Group is
committed to an ambitious transformation that will generate value.
This is centred on the development of new technologies and
services, and a new range of even more competitive, balanced and
electrified vehicles. In line with environmental challenges, the
Group’s ambition is to achieve carbon neutrality in Europe by
2040.https://www.renaultgroup.com/en/
About
Alpine
Founded in 1955 by Jean Rédélé, Alpine has asserted itself over
the years with its French-style sports cars. In 2018, the brand
presented the new A110, a sports car that is true to Alpine’s
timeless principles of compactness, lightness, agility and driving
pleasure. In 2021, the Alpine Business Unit was created, to become
the dedicated brand for the innovative, authentic and exclusive
sports cars of the Renault Group, benefiting from the heritage and
know-how of its historic Dieppe factory and the engineering
expertise of the Alpine Racing and Alpine Cars teams.
RENAULT
GROUP
INVESTORRELATIONS |
|
Philippine de
Schonen+33 6 13 45 68 39philippine.de-schonen@renault.com
|
|
|
PRESS CONTACTS |
|
David GendryVP
Sponsoring, Partnership & Communications Alpine +33 6 33 25 71
56david.gendry@alpinecars.com |
Orianne
TamburiniHead of Product Communication Alpine+33 6 26 63 28
14 orianne.tamburini@alpinecars.com |
|
1 APP: Alpine Performance Platform2 2023 Brand Finance France
150 Study
- 20230626_Alpine_Future_Tour_Press Release_EN
Renault (BIT:RNO)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024
Renault (BIT:RNO)
Graphique Historique de l'Action
De Mai 2023 à Mai 2024