The Future Is NEUTRAL: The circular economy is stepping into a new era!

Finally, in order to accelerate itsdevelopment and strengthen its leadership in a fast-growing market, The FutureIs NEUTRAL is opening up a minority of its capital to outside investors witha view to
co-financing investments of around €500 million until 2030.

Luca de Meo, CEO of Renault Group,said: “Today we are taking another step in our historic commitment to thecircular economy. Our subsidiaries Gaia, Indra and Boone Comenor, as well asthe Refactory in Flins, have already demonstrated our ability to generateactivities that create economic, social and environmental value throughout thevehicle life cycle. Based on this experience and convinced of the potential ofthese activities, we are accelerating and creating The Future Is NEUTRAL, whichbrings together all our industrial and technological assets, as well as ournetwork of strategic partners. Its mission: to grow its business with ambitiousstrategic plans and new outlets by offering the automotive industry, faced withthe climate challenge, new regulatory requirements and increasing pressure on resources,closed-loop recycling solutions, i.e. from car to car. Our ambition is to bringrecycling into a new era and become the European leader in the automotivecircular economy.”

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“From car to car”: the car as a rawmaterial

Every year in Europe more than 11million vehicles, made up of around 85% recyclable materials, reach theend of their life. However, this resource is under-exploited: new vehicles aremade up of only 20-30% of recycled material, from all industries. Today, therecyclable material from end-of-life vehicles is mostly recovered for otherindustrial applications (metallurgy, construction, etc.). The objective of TheFuture Is NEUTRAL is to maintain the value of parts and materialsfor as long as possible and to enable the industry to achieve a much higherrate of recycled automotive materials in the production of new vehicles.

Jean-Philippe Bahuaud, CEO of TheFuture Is NEUTRAL, explains: “In the automotive sector, the firstunder-exploited resource is the car itself, which is made up of more than 85%of metals and plastics. The Future Is NEUTRAL brings together the expertise toconvert this potential into new growth levers. This new entity aims to push theautomotive industry towards resource neutrality, extracting from each vehiclethe largest possible amount of material needed to manufacture a newmodel.”

The Future Is NEUTRAL's expertise

The company's strength lies in itsability to mobilise a network of subsidiaries and partners to collect parts, materialsand batteries throughout the automotive lifecycle, from scrap cars, factoryrejects and garages. Thanks to this ecosystem, The Future Is NEUTRAL isdeveloping circular economy loops at each stage of a vehicle's life, fromthe production phase to the use and end of life of vehicles.

In concrete terms, The Future IsNEUTRAL relies on its subsidiary Gaia, whose battery repair, partscollection and reuse, and recycling of materials from end-of-life vehicles(ELVs) are based in Flins.
Also located at the heart of the Flins Refactory, the renovation ofmechanical and mechatronic parts, as well as the future vehicle dismantlingline, aim to supply these circular flows. With its reference partner Suez, theentity also owns two companies: Indra[1],the leader in ELV treatment in France,
with more than 370 approved centres, and Boone Comenor[2],an expert in the recycling of metal scraps from industry[3].

[4],high-content chemistry[5]and capitalises on INDRA's expanding network to assist in battery collectionand GAIA's expertise in battery diagnosis. Finally, The Future Is NEUTRAL willalso work with its battery manufacturer partners, such as Verkor, to pool theirend-of-life batteries with production waste.

ReKnow University.

www.thefutureisneutral.com

About Renault Group

Renault Group is at the forefront of a mobility that is reinventingitself. Strengthened by its alliance with Nissan and Mitsubishi Motors, and itsunique expertise in electrification, Renault Group comprises 4 complementarybrands - Renault, Dacia, Alpine and Mobilize - offering sustainable andinnovative mobility solutions to its customers. Established in more than 130countries, the Group has sold 2.7 million vehicles in 2021. It employs nearly111,000 people who embody its Purpose every day, so that mobility brings peoplecloser. Ready to pursue challenges both on the road and in competition, RenaultGroup is committed to an ambitious transformation that will generate value.This is centred on the development of new technologies and services, and a newrange of even more competitive, balanced and electrified vehicles. In line withenvironmental challenges, the Group’s ambition is to achieve carbon neutralityin Europe by 2040. https://www.renaultgroup.com/en/

[1][2][3][4][5] Chemicals rich innickel, manganese, cobalt and lithium.