The chart above displays the research and development expenses of Renault Group from 2010 to 2022 in millions of Euros. In 2022, the company spent €2,125 million on research and development compared to €2,313 million in 2021.
Renault Group research & development expenses
Research & Development Expenses of Renault Group 2006-2022
Amounts are in millions of Euros.
| YEAR | R&D EXPENSES (MILLIONS) |
|---|---|
| 2022 | €2,125 |
| 2021 | €2,313 |
| 2020 | € 2,569 |
| 2019 | € 2,658 |
| 2018 | € 2,598 |
| 2017 | € 2,590 |
| 2016 | € 2,370 |
| 2015 | € 2,044 |
| 2014 | € 1,721 |
| 2013 | € 1,812 |
| 2012 | € 1,915 |
| 2011 | € 2,027 |
| 2010 | € 1,834 |
| 2009 | € 1,795 |
| 2008 | € 1,744 |
| 2007 | € 1,850 |
| 2006 | € 1,963 |
The research and development expenses of Renault group remained €2,313 million in 2021 compared to €2,569 million in 2020.
Research and development expenses of Renault Group grew to €2,598 million in 2018 from €2,590 million in 2017.
Renault Group (NASDAQ: RNSDF) designs, manufactures, and sells vehicles and parts in several countries. It is based in France. Renault Group revenues reached €57,419 million in 2018, 2.3% less than the previous year. Vehicle sales increased by 3.2%. According to its annual report 2018, the company has 22.2% market share in the European electrical vehicle market.
Renault group is one of the major producers of vehicles with a global footprint. However, its largest market is Europe and specifically Renault’s home market France. The brand’s alliance with Nissan and Mitsubishi has proved great. This alliance has become the largest seller of passenger cars and light commercial vehicles globally. Renault, Nissan, and Mitsubishi alliance achieved sales of more than 10.6 million vehicles in 2017. Renault itself achieved a record sales of 3.76 million vehicles in 2017. Sales volume and market share of the brand increased in all its markets in 2017.
The vehicle industry is marked by intense competition and as a result, brands are focusing heavily on research and innovation for market growth. Renault’s R&D expenditure increased from 2.4 Billion Euros to 2.6 Billion Euros in 2017 from the previous year.
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