00:00I keep the same strategy because it is a good strategy and delivering results and we change what is needed
00:08in this very disruptive environment and especially we start to move outside Europe. Over the past five years we succeeded
00:15our recovery in Europe. Now it's time to push outside Europe.
00:19In terms of guidance, you're saying your group operating income margin will be between 5 and 7 percent of the
00:28time, 5.5 percent for this year, 2026. It's a little bit below analysts' expectations. Are you being cautious?
00:39The most important is that we release today our mid-term financial outlook which is about robustness and resilience. You
00:48know our industry is very cyclical and especially at Renault we had a very spread performance over the past 20
00:56years.
00:57What I want to do during the next five years is really to deliver very steady and robust performance in
01:04a difficult environment.
01:05It's indeed a very difficult environment. We've seen for example your rivals, Tenentees, announcing billions in charges just a few
01:15days ago. In this difficult context, how is this impacting Renault? Are you worried about some EV bets that may
01:24turn wrong?
01:25No. No. We continue our two-legged strategy. EV remains a priority. We'll continue to invest in EV in Europe
01:34and also outside Europe. And our e-tech hybrid second best in Europe will continue to grow and will extend
01:42this also outside Europe.
01:43No. We continue to bet on EV but without two-legged strategy.
01:48One of the reasons, of course, behind the difficulties of the market is the competition from Chinese EV makers. How
01:56big is the threat in Europe?
01:59As a matter of fact, China automotive industry is leading our industry, especially in terms of innovation. So it's why
02:08at Renault, in our next mid-term plan, we intend to catch up Chinese competitors for all what is upstream.
02:18And we think that we can do better downstream in terms of brand management, customer care, customer experience and also
02:26nice products.
02:27Our next step is a my friend.
02:27We look forward to the solution and I'm going to try this out.
02:27We have a good plan.
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