Renault Group, in collaboration with CICC Private Equity, Hangzhou Capital, and Hangzhou Hi-Tech Investment, has signed a landmark partnership agreement to establish a new energy vehicle industry fund. This fund is poised to invest in pivotal areas such as battery technology, intelligent driving systems, smart cabins, software solutions, and embodied intelligence, aiming to propel the evolution of the new energy vehicle industry chain. This collaboration represents a significant milestone as it marks Renault Group's inaugural venture into partnering with Chinese private equity firms and local industrial capital for strategic investment initiatives.