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Renault Group and Verkor: a long-term commercial partnership for high-performance, low-carbon batteries

• Renault Group and Verkor have entered a long-term partnership to supply 12 GWh per year of batteries for electric vehicles. • These high-performance, low-carbon batteries will be produced in the future Verkor Gigafactory in Dunkirk, France • Verkor batteries will be used in the upper segment vehicles of the Renault Group brands, starting from 2025 with the future Alpine 100% electric C-Crossover GT which will be manufactured in Dieppe, France.

Renault Group and Verkor, the European pioneer inlow-carbon batteries, have entered a long-term commercial partnership for thesupply of batteries for electric vehicles.

Verkor will supply Renault Group with theequivalent of 12 GWh of batteries each year. These batteries will be used inthe upper segments of Renault Group's brands, starting with the future Alpine 100%electric C-Crossover GT, manufactured in Dieppe, France, from 2025.

These high-performance and low-carbonbatteries will be produced in France at the future Verkor Gigafactory in Dunkirk.

This announcement marks an important stepin Verkor's development, and consolidates the strategic partnership startedwith Renault Group's acquisition of a stake in Verkor in June 2021. Since then,Renault Group and Verkor have approved the technical quality of the product,its economic competitiveness, and its industrialization process, from the VerkorInnovation Centre in Grenoble (VIC) to the construction of the DunkirkGigafactory, which will be operational in 2025.

Benoit Lemaignan, Co-founder, and Chairmanof the Management Board of Verkor says: "The trust that Renault Group has shown in us since thebeginning is now materialised in this long-term commercial partnership. This isfurther evidence of the attractiveness and credibility of our project as weraise the necessary funds to build our Gigafactory in Dunkirk. Manufacturingbatteries in Europe and controlling the value chain are fundamental to theenergy transition.”

François Provost, RenaultGroup Chief Purchasing, Partnerships, and Public Affairs Officer: "RenaultGroup confirms its confidence in Verkor and its innovative, high-performance,low-carbon technology.This commercialpartnership allows us to secure a long-term supply of electric batteries and toensure a reinforced traceability of the elements which compose them. It is inline with the ambition of the Group and its future entity Ampere dedicated toelectric vehicles and software, to control the entire electric value chain.

Renault Group isthus continuing to develop in France, at the heart of Europe, a robustelectrical ecosystem of technology centres, vehicle, engine, and batteryfactories.”


About Verkor

Founded in July 2020,Verkor is a French industrial company based in Grenoble. Supported by the EITInnoEnergy, IDEC Group, Schneider Electric, Capgemini, Renault Group, EQTVentures, Arkema, Tokai COBEX, the FMET managed by Demeter, Sibanye-Stillwater,Plastic Omnium and Bpifrance. The company is accelerating the production oflow-carbon batteries in France and Europe to meet the growing demand forelectric vehicles, electric mobility in general and stationary storage inEurope.

Verkor is developingan attractive business model in terms of agility, sustainability, andgovernance, thereby attracting the best talent. A strong and agile teamcontinues to grow to meet new challenges. The Verkor-led project is unifying,bringing together the best partners to locate the entire value chain in Europe,ensuring optimal use of skills and resources. Thanks to these strengths, Verkorwill open its fully digital 4.0 pilot line in 2023. A model of excellence,competitiveness and resource utilisation, this innovation will be integratedinto the Gigafactory planned for 2025.

More information www.verkor.com

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