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MOBILIZE SETS OUT ITS AMBITIONS IN SERVICES AND TECHNOLOGY, TARGETING 20% OF RENAULT GROUP’S TURNOVER IN 2030

• Mobilize is driving Renault Group’s transformation towards the new mobility value chain, confirming its target of accounting for 20% of the Group’s turnover in 2030. • By building a model based on Vehicles-as-a-Service, Mobilize is rewriting the automotive industry’s traditional codes, coming from services that meet customers’ needs, to the product. • Mobilize is establishing an integrated software ecosystem by leveraging its mobility ventures. • Mobilize strengthens its ties with RCI Bank and Services, which is becoming Mobilize Financial Services, and accelerating in the operating lease, insurance and payment services. • Mobilize is harnessing data to provide mobility, energy, financing, insurance, payment, maintenance and reconditioning services and to reduce the costs of usage for its customers. • These services are even more performant when used with Mobilize purpose-designed vehicles. • This strategy will enable Mobilize activities, outside of Mobilize Financial Services, to achieve a double-digit margin for each category of services by 2027 and target a breakeven operating margin by 2025.

A business model dedicated to services to tackle mobility challenges

Against the backdrop of major changes in the automotive industry, Mobilize is developing a new VaaS[1]‑based business model with a comprehensive range of services based on an integrated software ecosystem.

Focusing on usage rather than ownership, Mobilize offers, from the vehicle, services that meet users’ needs for simpler and more accessible, environmentally friendly, and affordable mobility solutions.

More information to be found in the attached document.

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