Renault-Nissan says it is targeting annual synergies of EUR10bn (US$12bn) in six years as it unveiled its Alliance 2022 plan.

“By the end of our strategic plan Alliance 2022, we aim to double our annual synergies to EUR10bn,” said Alliance chairman and CEO, Carlos Ghosn.

“To achieve this target, on one side Renault, Nissan and Mitsubishi Motors will accelerate collaboration on common platforms, powertrains and next-generation electric, autonomous and connected technologies.

“From the other side, synergies will be enhanced by our growing scale. Our total annual sales are forecast to exceed 14m units, generating revenues expected at US$240bn by the end of the plan.”

Alliance 2022 will see the member companies increase their use of common platforms, with nine million units based on four common platforms. The plan will also extend the use of common powertrains to 75% of total sales.

Alliance 2022 plans a major expansion in shared electric vehicle technologies, alongside the development and deployment of advanced autonomous drive systems, vehicle connectivity and new mobility services.

Twelve new zero-emission electric vehicles will be launched by 2022, using new common electric vehicle platforms and components for multiple segments.

During the same period, 40 vehicles will be introduced with different levels of autonomy, all the way to fully autonomous capability.

Becoming an operator of ‘robo-vehicle’ ride-hailing services is a major part of the new mobility services strategy maintains Renault-Nissan.

The launch of a new logo and online presence was also revealed today for the Alliance.

“This plan will boost the growth and profitability of our member companies,” added Ghosn.

“We intend to deliver on growing synergies, with three autonomous companies cooperating with the efficiency of one. The Alliance has grown and performed with two members since 1999.

“With Alliance 2022, we will prove that we will grow and perform with three companies or more.”

New six-year plan aims to achieve the following objectives:

  • More than 9m vehicles to share four common platforms
  • Proportion of common powertrains to rise from a third to three-quarters of total volumes
  • Additional synergies expected from electrification, connectivity and autonomous technologies
  • 12 pure electric models to be launched, utilising common EV platforms and components
  • 40 vehicles to be launched with autonomous drive (AD) technology
  • To become an operator of robo-vehicle ride-hailing services