Together, Renault SA, Nissan Motor Co and Mitsubishi Motors will increase the number of common platforms for EVs from four to five, and by 2030 they plan to have a combined EV line-up of 35 vehicles.
see photosFour-fifths of all models made by the Renault-Nissan-Mitsubishi alliance by 2026 will have shared platforms
Renault and Nissan will work together to build electric cars, he said on Thursday, detailing his plan to spend 23 billion euros ($26 billion) on the transition to cleaner vehicles over the next five years. The two-decade-old alliance, which also includes Mitsubishi Motors, said it would increase the number of common platforms for electric vehicles (EVs) from four to five. They will be used to build a combined EV line-up of 35 vehicles by 2030, the companies said in a press release. He also said that by 2026, four-fifths of all their models will have shared platforms, compared to 60% now.
“The alliance remains a powerful partnership. We benefit from our shared experience and expertise,” said Nissan CEO Makoto Uchida. The commitment to pool resources comes as all three companies face increased competition from large carmakers such as Toyota Motor, which in December pledged to spend $70 billion to electrify its fleet. did, as well as EV specialists like Tesla Inc. world’s most valuable autoThe maker, Tesla, predicted on Wednesday that its deliveries will grow 50% year over year in 2022.
In this alliance, Renault owns 43.4% of Nissan, a 15% non-voting stake in the French car company and a third of Mitsubishi Motors’ stock.
The money promised on Thursday by Renault, Nissan and Mitsubishi Motors comes from funding announced last year. Nissan said in November that it would spend 2 trillion yen ($17.6 billion) over five years to accelerate vehicle electrification, including EVs and hybrid gasoline-electric cars. In June, Renault unveiled a five-year, 10 billion euro EV strategy with plans to launch 10 models and build EVs account for 90% of all models by 2030. Holding their alliance together is a cross-shareholding relationship, with Renault holding 43.4. % of Nissan, which has a 15% non-voting stake in the French car company and a third of Mitsubishi Motors stock.
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