After Mitsubishi Motors Corporation (MMC) admitted to rigging fuel economy tests, Renault-Nissan Alliance swooped in to take over a 34 percent stake in MMC and took the struggling carmaker under its wing. Now known as the Renault-Nissan-Mitsubishi Alliance, the newly formed alliance has announced their strategic plan, “Alliance 2022”, a six-year plan that aims to double annual synergies to €10 billion along with a new brand logo for the Alliance.
Helmed by Carlos Ghosn, Chairman and CEO of the Alliance, Renault, Nissan and Mitsubishi will collaborate on sharable platforms, powertrains, next-generation electric vehicles as well as autonomous and connected technologies. By end-2022, the Alliance will introduce 12 new zero-emission EVs in different segments, 40 vehicles with different levels of autonomous driving capabilities, share 22 engines and four platforms together.
The new EVs will be built upon newly developed common and scalable EV platforms for multiple segments ranging from hatchbacks to SUVs. All three companies are also working on decreasing battery costs by up to 30 percent and battery solution that significantly cuts charging time for approximately 230 km of driving range in just 15 minutes. Renault and Nissan will be adopting Mitsubishi’s plug-in hybrid technology for their C and D segment PHEVs by 2022.
In the field of autonomous driving, the Alliance has laid out a development timeline to deliver their first fully autonomous vehicle by 2022, starting with their first semi-autonomous driving system in 2018.
By the end of the six-year plan, the Alliance is forecasting a combined financial revenue of USD240 billion (RM1 trillion) with annual total unit sales exceeding 14 million vehicles.