thus launched a SUV-style A-segment city car, the K-ZE, developed in record time by eGT, a joint venture created in 2017 by the Alliance CONQUERING and Dongfeng Motor Group. In addition, it announced the acquisition of a significant stake in JMEV, one of China’s leading electric NEW vehicle manufacturers, a subsidiary of JMCG. China’s light commercial vehicle market also has great potential and is another of the Drive HORIZONS the Future strategic plan’s main priorities. The rapid growth of e-commerce and increasing urbanization are boosting demand for this type of vehicle. It is estimated that last-mile delivery will surge by 125% between now and 2030.(1)In recognition of this trend, the Group As the world’s largest automotive market has created a joint venture in this area with with 28.1 million vehicles sold in 2018, ChinaBrilliance. The two partners aim to bring is one of the key pillars of the Drive the Futureseven new light commercial vehicle models to strategic plan. This past year, the Group reaf-market by 2022, including three electric ones, firmed its ambitions for two growing seg- to be sold under the Jinbei, Renault and ments: electric vehicles and light commercialHuasong brands. vehicles. China accounts for half of all electric vehicles sold globally.(1)In 2018, the Group(1) Source: China Association of Automobile Manufacturers (CAAM). 18 - GROUPE RENAULT