Groupe Renault - 2019 Universal Registration Document

RENAULT: A RESPONSIBLE COMPANY

ANNUAL GENERAL MEETING OF RENAULT ON APRIL 24, 2020

GROUPE RENAULT

CORPORATE GOVERNANCE

FINANCIAL STATEMENTS

RENAULT AND ITS SHAREHOLDERS

ADDITIONAL INFORMATION

THE ALLIANCE

Pursuant to the RNBV Articles of Association, the Management Board has the power to represent RNBV vis-à-vis third parties. Likewise, the Chairman and the Vice-Chairman each have the power to represent RNBV vis-à-vis third parties. All decisions affecting the Alliance are made in the common interest of Renault and of Nissan. In the event that a member of the Management Board finds itself in a situation where there is a conflict of interest in the decision-making process, he or she shall abstain from taking part in the decision. The decisions and recommendations initiated by RNBV are prepared by Renault and Nissan managers. They reflect the common position of the Alliance partners in strategic and planning matters, within the Alliance. Renault representatives within RNBV, as well as Renault’s management and administrative bodies, ensure that all decisions initiated by RNBV are made in compliance with Renault’s corporate interest. Strategic cooperations 1.2.4 The Alliance has demonstrated its ability to cooperate with various partners. These strategic cooperations make it possible to increase economies of scale, accelerate growth in new regions, gain access to new technologies, share costs and jointly fund research and development of next-generation vehicles and engines. Existing and potential partners of the Alliance especially appreciate its ability to deepen collaboration over several business cycles. The Alliance’s most significant strategic collaboration is by far the one with the premium manufacturer Daimler. This partnership began in April 2010. This strategic cooperation is strengthened by cross-shareholdings: Daimler holds 3.1% of Renault’s and Nissan’s share capital, while Renault and Nissan each hold 1.55% of Daimler’s share capital. This co-operation is managed by a Cooperation Committee co-chaired by Mr Jean-Dominique Senard, Chairman of the Alliance Operating Board, and Mr Ola Kaellenius, Chairman of the Management Board of Daimler AG and CEO of Mercedes-Benz AG, comprises the senior executives of Renault, Nissan, Mitsubishi Motors and Daimler. This committee, which meets nearly every month, ensures the implementation of the agreed projects and makes proposals for new ones. No specific areas of potential collaboration are excluded. When teams suggest projects that could benefit all partners, they then launch feasibility studies. If senior executives and Board members of all companies agree, then the project is approved. Cooperation between the Alliance and Daimler has intensified since 2010. In 2018, Mitsubishi Motors was fully integrated into the cooperation with Daimler. It now covers a number of projects developed on three continents. The key projects in which Renault is currently participating are as follows:

In addition, RNBV’s decisions and recommendations are submitted to the management and administrative bodies of Renault, which ensure their compliance with Renault’s corporate interest. Thus, no strategic option with regard to Renault, including under powers delegated to RNBV, is taken without Renault executives or Board of Directors, depending on circumstances, having expressed an opinion. As part of this review, the members of Renault’s Board of Directors, including its independent members, have all the information they need on the questions submitted to them. The implementation of the orientations defined by RNBV and all of the resulting operational decisions remain within the exclusive competence of Renault, which is represented by its Board of Directors and the executives authorized to represent the Company. Beyond the areas falling within RNBV’s competence, Renault is entirely free to conduct its activities, and all decisions relating to the operational, commercial, financial and social management of the company are made by its management and administrative bodies acting autonomously and independently. in addition to the thermal versions of the TWINGO and Smart, an P electric version of the Smart 2 and 4-seater was launched in 2017, and an electric version of the TWINGO is currently under development. The electric engines are being built at the Renault plant in Cléon. The battery of the electric Smart is produced by a Daimler subsidiary, “Deutsche ACCUmotive”, in Kamenz, Germany, and the Twingo battery will be produced in Novo-Mesto (Slovenia); Renault developed a small light commercial vehicle based on P KANGOO for Daimler. This vehicle has been manufactured in the Renault Maubeuge plant since 2012. The successors of the KANGOO and CITAN are currently under development; the Alliance and Daimler AG are jointly developing a new P direct-injection turbocharged small gasoline engine family (1l and 1.3l). These new, more compact engines feature state-of-the-art technology enabling improvements in fuel economy, as well as significant reductions in emissions. The new engines debuted in Daimler, Renault and Nissan vehicles in late 2017; the Mercedes-Benz one-ton pick-up, which shares its architecture P with the Nissan NP300 NAVARA and the Renault ALASKAN, is built by Nissan in its Barcelona plant; the Q30 and QX30, high-end compact vehicles marketed under P the Infiniti brand and based on Daimler architecture, are manufactured at the Nissan plant in Sunderland, United Kingdom. Production of the Q30 began in November 2015 and that of the QX30 in early 2016. Nissan decided to stop this production in June 2019; in early 2018, production of Infiniti QX50 compact premium P segment and Mercedes-Benz Class A vehicles started at the shared plant in Aguascalientes (COMPAS) as a joint venture between Daimler and Nissan. in 2019, Groupe Renault and Nissan signed an exclusive P agreement with Waymo on autonomous mobility services for people and property, in France and Japan.

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61 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2019