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GROUPE RENAULT “RENAULUTION” STRATEGIC PLAN

Boulogne-Billancourt, January 14, 2021 – Following approval by the Board of Directors, Luca de Meo, CEO Groupe Renault, presents today “Renaulution”, a new strategic plan, which aims to shift Groupe Renault’s strategy from volume to value. This strategic plan is structured in 3 phases that are launched in parallel: • “Resurrection”, running up to 2023, will focus on margin and cash generation recovery, • “Renovation”, spanning up to 2025, will see renewed and enriched line-ups, feeding brand’s profitability, • “Revolution” from 2025 and onwards, will pivot the business model to tech, energy and mobility; making Groupe Renault a frontrunner in the value chain of new mobility.

The Renaulution plan will restore Groupe Renault’s competitiveness by:

• taking the 2o22 plan1 one step further, driving efficiency through engineering and manufacturing,

to reduce fixed costs and to improve variable costs worldwide,

• leveraging on current Group’s industrial assets and electric leadership in Europe,

• building on the Alliance to boost our reach in products, business and technology coverage,

• accelerating on mobility, energy-dedicated and data-related services,

• driving profitability through 4 differentiated business units based on empowered brands,

customers and markets oriented.


More information in attached document.

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