companies, this new board will continue its THE ACHIEVEMENTS OF work on several fronts, including the develop- A LEADER ment of the Common Module Family (CMF) … approach, a unique, modular architecture system allowing Renault, Nissan and Mitsubishi THE WORLD’S LARGEST AUTOMOTIVE ALLIANCE to build a wide range of vehicles under their IS ACCELERATING ITS EXPANSION respective brands from a smaller pool of parts. AND BUILDING ON ITS WINNING FORMULA Now extended to all the Alliance’s vehicle TO FIRMLY POSITION ITSELF AS THE GLOBAL LEADER segments, the CMF approach was used for the IN A HIGHLY COMPETITIVE MARKET. fifth generation of the Clio launched in 2019, for example. By 2022, 70% of Alliance vehicles will be produced using CMF platforms. 450,000+ €10 billion EMPLOYEES IN ANNUAL SYNERGIES work in Alliance companies targeted by the end … of the strategic plan … MAUBEUGE: A CENTER OF EXCELLENCE Light commercial vehicles are one of the growth drivers identified in the Alliance 2022 strategic plan. In 2018, Renault’s Maubeuge plant became the center of excellence in this segment for the Alliance. Two new models will be produced at the site in 2019:the Nissan NV250 and a Mitsubishi van developed uniquely for Australia and New Zealand. INVESTING IN THE FUTURE Launched in 2018, Alliance Ventures, the strategic venture capital fund of the Renault-Nissan-Mitsubishi Alliance, will be investing $1 billion over the next five years, targeting innovation and next-generation mobility. Following a first deal involving a strategic investment in Ionic Materials, a Massachusetts-based solid-state battery company, the fund has added further start-ups to its investment portfolio, including the Chinese electric vehicle charging platform PowerShare as well as two California-based companies, the dealership software provider Tekion and the lithium-ion battery maker Enevate. GROUPE RENAULT - 27