PARIS, France – November 23 – Renault and KONE, a global leader in the elevator and escalator industry, have signed on November 21st a new European frame agreement. Renault will become one of the main suppliers of the 10,000 vehicle fleet. Renault will provide a full range of vehicles to KONE in several European countries for three years starting 2013.

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KONE selected Renault for its wide product lineup including the electric vehicles, the total cost of ownership of its products, and the sales network quality and density. The highest volumes are expected in France, Russia, Spain, Belgium and Sweden. In France, through the agreement, Renault will become the core supplier for KONE with approximately 800 vehicles per year, all delivered by Renault Retail Group Nice.

30% of the vehicles will be passenger cars and 70% light commercial vehicles. KONE made also this selection for the existence of Renault Tech, the business unit entirely dedicated to the alteration and customization of vehicles and accessories created in 2008.

The focus will be put on low emission vehicles. The product range stretches from passenger cars in the A to the D segment and commercial vehicles, including electric models.

The contract will last until end of 2015.

“We are proud of having been chosen by KONE for our capacity of providing tailor made vehicles in cooperation with Renault Tech”, says Uwe Hochgeschurtz, Vice President, Corporate Sales Division of the Renault group.

“Altogether, 35% of KONE’s operational greenhouse gases are emitted by our global service vehicle fleet. Renault shares our passion to continuously look for new and innovative ways of reducing the carbon footprint of our vehicle fleet without compromising the safety of our drivers and other road users”, says Juha Räisänen, Senior Vice President, Delivery Chain and Sourcing at KONE. "

ABOUT RENAULT

The Renault group, present in 118 countries, designs, develops, manufactures and sells passenger cars and light commercial vehicles under the Renault, Dacia and Renault Samsung Motors brands. To meet the new challenges facing the automotive industry, both environmental and economic, Renault is implementing a two-pronged strategy: improvements to existing technologies with new generations of carbon-efficient engines, and the breakthrough “Zero Emission” program. Renault launched a zero-emission range in 2011 with Fluence Z.E. and Kangoo Z.E., followed in 2012 by Twizy, an innovative urban quadricyle, and ZOE. This range makes innovation affordable to the greatest number. With its partner Nissan, Renault is targeting world leadership in the mass marketing of zero-emission vehicles.

ABOUT KONE

KONE is one of the global leaders in the elevator and escalator industry. The company has been committed to understanding the needs of its customers for the past century, providing industry-leading elevators, escalators and automatic building doors as well as innovative solutions for modernization and maintenance. The company's objective is to offer the best People Flow® experience by developing and delivering solutions that enable people to move smoothly, safely, comfortably and without waiting in buildings in an increasingly urbanizing environment. In 2011, KONE had annual net sales of EUR 5.2 billion and on average 37,500 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.