PARIS (Reuters) – French carmaker Renault will reach its target of having an 80% integrated electric vehicle (EV) chain before its initial date of 2030, said Renault chief executive Luca de Meo.

De Meo added that collaboration remained a key aspect regarding thermal engines vehicles.

Renault upgraded its full-year outlook in July, saying that its turnaround plan to improve profitability was delivering results ahead of schedule.

(Reporting by Gilles Guillaume; Editing by Sudip Kar-Gupta)