Group 1 - Renault Group is leveraging its Chinese R&D center to design new models for markets outside Europe while aiming to reduce production costs and accelerate development by learning from the Chinese market [1][3] - The Shanghai R&D center, established in 2024, focuses on developing electric vehicles for the Ampere and Renault brands, targeting markets outside Europe [3] - Renault has achieved a significant reduction in vehicle development time, creating a budget-friendly electric vehicle, Twingo, in just 21 months, with a projected price of under €20,000 (approximately 163,000 RMB) [5] Group 2 - The Shanghai R&D center aims to reduce the cost of Renault's next-generation electric vehicles by 40% by 2028, with plans to double electric vehicle sales growth rates in 2025 and 2026 [7] - Renault is engaging with several Chinese component suppliers to establish factories in Europe, promoting a "market for technology" approach [7] - The global electric vehicle market saw over 17 million units sold last year, with China accounting for over 60% of the total, highlighting the country's dominance in the sector [8]

Group 1: Global Automotive Production Overview - In 2024, global automotive production is projected to reach 92.5 million units, with Africa contributing only 1.18 million units, accounting for 1.27% of the total production [1] - South Africa and Morocco dominate African automotive production, with South Africa producing 632,285 vehicles (50.9% market share) and Morocco producing 559,645 vehicles (45.5% market share) [1] - South Africa's automotive market is characterized by a mature ecosystem with 430 suppliers and component manufacturers, while Morocco has a growing presence with two major manufacturers [1][3] Group 2: South Africa's Automotive Industry - Approximately 62% of South Africa's automotive production is exported, primarily to Europe, with a goal to increase annual production to 1.4 million units by 2035 [2] - South Africa faces challenges such as ongoing electricity supply shortages affecting manufacturing and new U.S. tariffs impacting exports to the U.S. by about 30,000 vehicles annually [2] - The local production includes popular models like BMW X3, Mercedes-Benz C-Class, and Toyota Corolla, with Volkswagen leading local production at 167,084 units [1] Group 3: Morocco's Automotive Industry - Morocco has solidified its position as Africa's leading passenger car producer, with Renault Morocco achieving a record production of 413,614 vehicles in 2024, a significant increase from previous years [3][4] - The local automotive industry in Morocco boasts a high localization rate of 65.5%, with plans to increase it to 80% by 2030, supported by a network of 90 local partners [4] - Stellantis Morocco produced 111,000 vehicles in 2024, with a localization rate of 70%, and aims to enhance its local supply chain further [4]