The company said it sold 1,000,199 units in the first half of 2022, down 12 percent from the same period last year. Data for two years does not include data on sales in Russia.
Renault explained that the decline in sales occurred “against the background of failures caused by the semiconductor crisis, and marked by the closure of the group’s activities in Russia.”
Semiconductors are important electronic components in the manufacture of conventional gasoline vehicles as well as electric vehicles.
The global shortage of these components has forced automakers around the world to reduce or even temporarily stop production.
Renault said its brand continues to grow in the electric vehicle market.
“The EV market in Europe is evolving and Renault is well positioned to meet new consumer needs with the right products,” said Fabrice Campolev, Renault brand vice president.
Renault has confirmed that the E-Tech electric and hybrid train series will account for 36% of European passenger car sales in the first half of 2022, up from 26% in 2021.
Source: Al Akhbar
