2024 INTEGRATED REPORT

In Austin, manufacturing excellence for the electric mobility sector In 2024, OPmobility marked a major milestone in its American development with the opening of its first plant in Austin, Texas. This new module assembly plant was opened to fulfill a long-standing order with a major American player in electric mobility. Built in just a few months, the Texan site has already produced 100,000 modules since September 2023. With a capacity of 2.5 million modules (1.5 million front-end modules and 1 million cockpit modules) and more than 400 employees as of 2025, it will soon become the Group’s largest plant in terms of revenue, expanding its activities to produce exterior body parts, such as tailgates. QUESTIONS FOR… What impact is electrification having on the Group’s C-Power activity in the United States? By 2030, electric vehicle penetration should reach 30%; this leaves a significant market share for combustion engines. At a time when our customers are reducing their gasoline engine engineering teams or redeploying them to focus on electric vehicles, we continue to offer a core range of key expertise in combustion engines which our customers are going to need. As such, we are ready to continue equipping thermal vehicles, including hybrid vehicles, while also targeting the electric market, via our e-Power battery activity. Are there any other opportunities? Of course! The market is transforming and we are adapting, as we always have. For example, to equip hybrid vehicles, we are working on new concepts to create innovative pressurized tanks which are lighter and more competitive. And, to provide further opportunities for our manufacturing sites, we have also begun to diversify into new products, such as recreational vehicles, quads and underwater scooters, which operate with gasoline tanks. By 2027, this market alone will account for 500,000 vehicles. “The combustion engine market still offers opportunities which we are ready to seize.” YOUSSEF SOUIBA Executive Vice President of OPmobility, President of the C-Power Business Group

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