Renault has unveiled a new electric vehicle strategy to catch up with Volkswagen in the fast-growing sector. By 2025, the company plans to produce 10 new EVS, and by 2030, Renault and its alliance partners Nissan and Mitsubishi will produce 1 million EVs. Renault and its alliance partners Nissan and Mitsubishi will produce 1 million electric vehicles per year. The company's first new electric car will be the MeganE hatchback. It will go on sale in the first half of 2022.