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January 24, 2022updated 25 Jan 2022 5:28pm

Alliance partners to step up joint EV investments

The three companies reportedly plan to jointly develop and launch more than 30 new EV models based on five high-volume platforms by 2030.

Renault, Nissan and Mitsubishi plan to strengthen their global “Alliance” by stepping up joint investments in electric vehicle (EV) development and production for global markets, according to unconfirmed reports in Japan.

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A formal announcement on the Alliance’s joint EV plans was originally due late last year, but was postponed due the covid pandemic in Japan. It is now scheduled for this Thursday.

The three companies are said to have agreed to triple their joint investments in R&D for EVs to more than EUR20bn (US$23bn) over the next five years and deepen their collaboration to help meet growing global demand for EVs and fend off rising competition from existing and newly-established brands. This is in addition to the EUR10bn already invested jointly by the group on electrification, bringing their total joint investments to EUR30bn.

According to sources in Japan, the three companies plan to jointly develop and launch more than 30 new EV models based on five high-volume platforms by 2030, covering 90% of their combined EV production.

The sources suggested the Alliance plans to develop one platform to support EVs such as Nissan’s next generation Ariya and Renault’s Megane EV, while a separate platform will be the basis for no-frills models including those sold under Renault’s Dacia brand and Nissan’s Chinese joint venture with Dongfeng. Two other platforms will be for mini-EVs and light commercial vehicles respectively.

The partners want to reduce costs by standardising batteries and driveline components, with the aim of bringing EV prices in line with those of internal combustion engine (ICE) vehicles by the end of the decade. They plan to jointly invest establishing 220GWh in annual battery production capacity globally by 2030, split between France, UK, China and Japan. They are also expected to share the solid-state lithium-ion battery technology currently being developed by Nissan.

Free Report
img

What's next for the Automotive industry?

The theory of the peak car – particularly in the triad markets of the US, West Europe and Japan – and the need for sustainable transportation have driven the pivot to mobility in the automotive industry. Both of these drivers are motivating OEMs to change, while society at large is interested in sustainable transport.    GlobalData’s forward-looking report provides you with insights into the direction that the automotive industry is heading in the next few years. It covers: 
  • The forces transitioning automotive to mobility services 
  • CASE megatrends, and their relationship with COVID-19 
  • The way forward for autonomous vehicles 
  • Sustainability issues in automotive 
Examine the factors contributing to the future growth of different segments of the automotive industry.   Download the full report to align your strategies for success and get ahead of the competition.  
by GlobalData
Enter your details here to receive your free Report.

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