Renault Group CEO: 'We'll Continue to Invest in EVs in Europe'

Renault Group CEO Francois Provost speaks exclusively to Bloomberg TV in his first television interview in the role after the automaker reported today that it expects profitability to decline this year as it rolls out new electric models and grapples with rising competition in Europe. Provost said he plans to keep the same strategy as his predecessor and is aiming for resilient growth, pushing outside of Europe: "What I want to do during the next five years is really to deliver a very steady and robust performance in a difficult environment". He also commented on their EV strategy, saying they plan to continue to invest in EVs in Europe and see the competition from China as a catalyst for innovation and partnership.