Renault, Nissan and Mitsubishi to announce EV alliance
According to information provided by Reuters, Renault and two Japanese automakers, Nissan and Mitsubishi, are expected to announce an alliance this week to jointly produce electric vehicles.
The not-yet-disclosed "Alliance to 2030" plan includes more than $23 billion investment in electric vehicles for the next five years. Additionally, the three automakers plan to manufacture at least 30 new electric vehicles by 2030 on five common platforms.
The Alliance to 2030 plan will be based on a shared vision for electrification and connected mobility while intensifying the cooperation between the three automakers.
Road to full electrification
The first glimpses of the agreement highlights the early moves of Renault and Nissan, which coincide with the goals of the Alliance to 2030 plan:
- Renault recently unveiled new plans under its "Renaulution" transformation strategy, saying that it aims to become fully electric by 2030.
- Nissan announced in November 2021 its plan to invest $18 billion in EVs and launch 23 electrified vehicles by 2030.
The alliance plans include manufacturing EVs in France, Britain, China, and Japan and use common batteries and key components.
Photo of Renault Mégane E-TECH Electric, courtesy of Renault Group.