Groupe Renault - 2020 Universal Registration Document

68 GROUPE RENAULT I UNIVERSAL REGISTRATION DOCUMENT 2020 Find out more at group.renault.com 01 THE ALLIANCE GROUPE RENAULT 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. In 2018, Mitsubishi Motors was fully integrated into the cooperation with Daimler. The cooperation between the Alliance and Daimler now covers projects developed on three continents. The key projects in which Renault is currently participating are as follows: 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 was launched in 2020. 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 is 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 KANGOO and CITAN are currently under development in both ICE and electric versions; Renault continues to supply Daimler with engines and gearboxes, P including a 1.7-liter diesel version for certain Mercedes-Benz commercial vehicles; the Alliance and Daimler AG have jointly developed 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. Value of joint operations in 2020 1.2.4.1 Groupe Renault made purchases from Nissan in 2020 for approximately €1,361 million (€1,896 million in 2019), comprising around €1,000 million in vehicles (€1,046 million in 2019), €277 million in components (€655 million in 2019), and €84 million in miscellaneous services (€195 million in 2019) (see note 12 J of the Renault consolidated financial statements).