13 LISI - 2024 Integrated Report automate our sites. Launched 12 months ago, this program enabled the robotization of the parts packaging line at the Delle-2 logistics site (Territoire de Belfort). Operational since late December, it enhances productivity and improves working conditions for our teams. How far along are you with your decarbonization efforts? We are continuing to execute the plan established for the Group. LISI AUTOMOTIVE is inherently committed to this direction, as the entire automotive industry is converging toward zeroemission vehicles, whether battery-electric or fuel-cell-powered. Our teams are actively contributing to this transformation by developing products that help achieve these goals. For instance, our new multi-material assembly process, LISI-μ MACH ASSEMBLY PROCESS®, which made significant progress in 2024, enables localized metallization of components like busbars used to connect battery cells. Our sealing screws are now being mass-produced for battery assembly and cover fastening, and our new electric wiring fastening systems will enter mass production next year. In 2024, we also introduced highly innovative solutions combining our expertise for truck electrification. The first heavyduty trucks were put into service at the very beginning of 2025. All these innovations are actively contributing to the decarbonization of the transportation sector. We are continuing our efforts to optimize processes to conserve resources, utilizing renewable energy that we either produce ourselves or purchase from suppliers. We are actively working on water conservation, particularly in areas experiencing water stress, such as Mexico and certain regions of France. These efforts must go hand in hand with maintaining an extremely competitive offering. What were the big wins in 2024? 2024 was a chaotic year for business: electric vehicle sales stalled in Europe and slowed down in China and North America. Our revenue, which was expected to grow, showed a slight contraction of -5%, while our overall market declined by approximately -7.5%. This slowdown impacted several programs that were supposed to launch in the first half of 2024 in Europe and North America, pushing some to the second half of the year and others to 2025. The long-term trend remains unchanged: vehicle electrification is inevitable, but the path to achieving it could take longer and will be extremely demanding in terms of competitiveness. The rise of Chinese manufacturers, whose vehicles are now mature and aggressively priced, is disrupting industrial ecosystems in Europe and North America, forcing them to adapt. How does the division adjust to this environment? To support this shift, we will need to lower our breakeven point by optimizing the product mix, improving industrial efficiency through continued automation, digitization, and real-time performance management in our factories, and reducing and controlling fixed costs. The sale of Nomel, a LISI AUTOMOTIVE subsidiary specializing in coldforged nut and washer manufacturing, in February 2025 is part of this plan and contributes to refocusing the product mix toward highvalue-added products. Similarly, the Kairos project perfectly illustrates our efforts to Interview François Liotard CEO LEARN MORE The shift toward vehicle electrification is inevitable, but the path to achieving it will be highly competitive”
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