Back to press releases
  • Sustainable finance
  • Press release

Renault and Arval strengthen their commitment to zero emission mobility

- Arval and Renault have today announced their project for a partnership in electric cars
- Arval, a BNP Paribas subsidiary, is the international reference in multi-brand full service leasing
- The Renault-Nissan alliance aims to be world leader in electric vehicles

Accelerating the implementation of zero emission mobility
Renault and Arval, Renault's leading full service leasing partner in Europe, have decided to speed up the implementation of innovative shared solutions as part of the Renault-Nissan alliance electric vehicle project.

Arval is deeply involved in environmental and clean energy projects. It is a leader among the local authorities and large corporates committed to these issues and has decided to work with Renault on its electric vehicle project by setting up specific new full service leasing offers adapted to this new type of energy.

Uwe Hochgeschurtz, Director of Renault's Corporate Sales Division: “Electric vehicles have characteristics that meet companies' specific requirements in terms of running costs and respect for the environment. We are convinced that our partnership with Arval will enable us to take the real ecological and economic leap that we are aiming for with our Renault eco² signature.”

A full range of electric vehicles by 2011
In early June 2009, Renault presented its electric vehicle strategy to a number of privileged clients, and it was on this occasion that Arval discovered Renault's future Zero Emissions range. For the Renault-Nissan alliance, the electric car is the real technological break that will significantly reduce carbon emissions. A full range of electric vehicles will be available starting 2011.

Teams from both partners, Renault and Arval, will rapidly develop innovative offers. Arval is convinced that the electric car is one of the solutions to environmental and energy issues. Today, Arval wishes to go further with Renault by working with it on this industrial project and offering appropriate full service leasing solutions.

According to Laurent Tréca, Chairman and CEO of Arval, “Arval has been interested in alternative solutions to “all petrol” for a long time. The determination with which Renault, a leading volume car manufacturer, is working on this, considerably improves the likelihood of seeing electric vehicles as a credible alternative to the traditional petrol engine.”

Renault-Nissan Alliance
The Renault-Nissan alliance was founded in 1999 and sold 6,090,304 vehicles in 2008. It aims to be one of the world's top three car manufacturers in terms of quality, technology and profitability.

About Arval
Arval, a BNP Paribas subsidiary, is a major player in multi-brand full service leasing and corporate fleet management, with 602,000 vehicles leased and 688,000 vehicles managed in 22 countries at the end of 2008. For the past 20 years, Arval teams have been constantly seeking solutions for optimising services related to automobile mobility.