Under its Alliance 2022 plan, the three member companies aim to collectively launch 12 electric vehicle (EV) models and 40 other vehicles with different levels of autonomous driving (AD) technologies.
Furthermore, the goal is to double annual synergies to 10 billion euros (Rs 76,440 crore) by the end of 2022.
Following Renault-Nissan's Fall 2016 acquisition of Mitsubishi, Carlos Ghosn, CEO of Renault-Nissan CEO and chairman of Mitsubishi, announced the company's Alliance 2022 plan in Paris on Friday. The alliance was the world's No. 1 automotive group by volume in the first half, selling more than 5.26 million vehicles, he said.
As previously mentioned, the alliance will launch 12 new electric vehicles by 2022.
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The Renault-Nissan-Mitsubishi alliance is hot on the trails of VW in the electrification race after the French-Japanese coalition revealed a masterplan that shares' the Germans' ambition. He said two new platforms would join the alliance's CMF common architecture, one for compact cars such as the Micra, Clio and Captur crossover and one for electric vehicles, likely shared between the next generation of Renault Zoe and Nissan Leaf.
The alliance also plans to benefit from enhanced economies of scale. "Our total annual sales are forecast to exceed 14 million units, generating revenues expected at United States dollars 240 billion by the end of the plan", he added.
CEO Carlos Ghosn also said the alliance is aiming to save 10 billion euros by the end of the period.
The Renault Zoe, a hatchback one size smaller launched in 2012 by its French alliance partner, is the best-selling electric auto in Europe-though its uses largely separate underpinnings than the Leaf. The doubling of synergies will be achieved partially by contributions from Mitsubishi Motors, specifically through deeper localization, joint plant utilization, common vehicle platforms, and an expanded presence in mature and emerging markets. Some will be fully autonomous and Ghosn says becoming an "operator of robo-vehicle ride-hailing services is a major part of the new mobility services strategy". They will utilize common platforms and components across all three Alliance brands.
Nissan said its EVs would boast more than 600km of range by 2022, based on NEDC homologation methodology.