Renault was fourth in the constructors' championship a year ago, which was financially a valuable achievement, but the gap to Red Bull in the standings was 297 points.
Renault Sport Racing Managing director Cyril Abiteboul said ahead of the unveiling of its 2019 auto on Tuesday that the team was on the rise and needed to put the hard years of rebuilding behind it.
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"When you walk around Enstone you feel the passion and dedication to racing", he said.
"If we made a decision to get all of you here today it's really because we feel ready", Abiteboul said.
"With the new facility, we have more in-house production capacity which allows us to be more time efficient". "We do not target x or y position or a number of points: what I want to see is that the team continues its trajectory of progression towards the top teams".
Renault's chassis technical director Nick Chester says that while resources are now in place to deliver a auto capable of challenging at the front, it would be unrealistic to target wins in 2019. The Australian, who has won seven F1 races since 2014, is considered one of the best talents on the grid and alongside Hulkenberg completes one of the most exciting driver line-ups going into the new season.
Renault said there had been substantial progress on the engine, a weakness in recent years. "We've invested a lot in Enstone and we will be investing in Viry".