Renault, Nissan and Mitsubishi alliance aim to triple investment in electric vehicle development

As established carmakers face pressure from new entrants to take advantage of the reorganization of the car industry to develop electric cars, the Renault-Nissan-Mitsubishi Alliance is trying to keep up and return to the forefront.

Although in recent years it has seemed a dysfunctional alliance, and the brands within it have developed their products more or less independently, the collaboration between the Europeans from Renault and the Japanese from Nissan and Mitsubishi Motors seems to be a group ready to face the changes. major that the car industry is going through.

According to sources quoted by Reuters, the three groups are expected to announce this week a plan to invest over 20 billion euros in the next five years for the development of electric vehicles. By 2030, the Alliance is expected to launch more than 30 completely new electric vehicles based on five common platforms.

The new investment adds to an ongoing plan involving the use of € 10 billion to electrify vehicles. Spokesmen for Nissan, Renault and Mitsubishi did not respond to Reuters’ requests for details.

According to the quoted sources, the “Alliance to 2030” plan aims to show “intensified cooperation” between the three car manufacturers, highlighting a “common vision on electrification and connected mobility”.

No less than five common platforms are expected to cover 90% of the electric vehicles that companies should develop and launch by 2030.

One of these platforms, called the CMF-EV, is based on cars such as the Renault Megane E-Tech and Nissan Ariya electrics, and another supports the development of more affordable vehicles such as the Dacia Spring and other similar Nissan models. The platform for affordable electric vehicles is also used for cars sold by the Alliance in China.

Two other existing platforms are used for very small electric vehicles sold by Nissan and Mitsubishi and for light commercial vehicles.

By the middle of the decade, the Renault – Nissan – Mitsubishi Alliance aims to implement a fifth common platform. Nissan has already decided to use this platform and other standardized components to electrify the Micra model, while Renault is expected to come with an electric car based on the same system.

It is already known that Renault intends to launch the small fully electric vehicle Renault 5 by 2024, and a miniSUV inspired by the classic Renault 4L is also in the project.

The Franco-Japanese Alliance is expected to use common battery packs and other key components for electric cars. The group also plans to jointly invest in battery production capacity in France, the United Kingdom, China and Japan, reaching a total of 220 gigawatt-hours by 2030.

By standardizing and sharing batteries, Renault, Nissan and Mitsubishi expect to halve battery production costs, and Nissan’s solid-state lithium-ion battery technology could also be used by its partners.

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