Renault-Nissan-Mitsubishi to ramp up focus on platform sharing, EVs

Renault-Nissan-Mitsubishi to ramp up focus on platform sharing, EVs

Renault-Nissan-Mitsubishi to ramp up focus on platform sharing, EVs

But he said there were no plans to consolidate the alliance into a single company or increase its members' cross-shareholdings, saying the strategic plan would be "respecting the companies' identities".

"To achieve this target, on one side Renault, Nissan and Mitsubishi will accelerate collaboration on common platforms, powertrains and next-generation electric, autonomous and connected technologies". The alliance has been in place since 1999 yet a year ago just 2 million vehicles were built on two common platforms. The plan will also extend the use of common powertrains to 75 percent of total sales.

The alliance of Renault, Nissan and Mitsubishi has announced ambitious plans to produce a range of new electric, autonomous and robotic vehicles using shared platforms.

Two years after that, the alliance plans to release its first fully autonomous vehicle, requiring no human driver intervention in any situation.

Carlos Ghosn has always been careful to say that the success of the Renault-Nissan alliance should be measured in synergies among the partners, not sales growth.

"We intend to deliver on growing synergies, with three autonomous companies cooperating with the efficiency of one", Ghosn said in a statement. Mitsubishi joined what had been the Renault Nissan Alliance beginning previous year, when Nissan took effective control of Mitsubishi.

Sales previous year were 10 million units. In the first half of 2017, volumes increased by seven percent year-on-year to 5.27 million units, whilst aggregate sales of electric vehicles reached a combined total of more than 500,000 units. It aims to exceed combined sales of 14 million units, up almost 40 percent by the end of the plan.

The projected sales target would take Renault-Nissan's annual revenues to around $240 billion.

"Becoming an operator of robo-vehicle ride-hailing services is a major part of the new mobility services strategy", the statement added.

Equally important, those 12 vehicles will "utilize common platforms and components" across all three brands, meaning significant economies of scale.

By the end of the plan, the member companies will share 22 engines out of a total of 31, compared with 14 engines out of a combined total of 38 in 2016.

On the topic of electric vehicles, a new family of electric motors and batteries will be introduced in 2020.

"We are assuming that most of the mature markets will be stable", he said about the United States, Europe and Japan.

The Renault-Nissan alliance is ramping up electric vehicle production, vowing 12 new models by 2022 and to make electric cars 30 percent of its overall production.

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