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

Renault is going to turn its Flins factory outside Paris into a research, recycling and repair centre and will generate more than 1 billion euros in sales from circular economy.

Renault’s chief executive Luca de Meo told the french “du dimanche” that the company will will seek to generate more than 1 billion euros in sales from the so-called “circular economy” by turning its Flins factory outside Paris into a research, recycling and repair centre.

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

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