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December 19, 2016

Renault-Nissan Alliance eyes MMC EV consolidation

Nissan, Renault and Mitsubishi Motors (MMC) could be planning a consolidation of electric vehicle platforms following Nissan's recent tie-up with MMC, according to reports in Japan.

Nissan, Renault and Mitsubishi Motors (MMC) could be planning a consolidation of electric vehicle platforms following Nissan’s recent tie-up with MMC, according to reports in Japan.

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The combined platform would help efforts to utilise scale economies and lower the cost of EVs, the Nikkei news agency said.

The Nikkei said Renault and MMC will use the same vehicle platform as Nissan’s next generation Leaf electric car expected to go on sale around 2018. The three companies would share key components such as the motor, inverter and battery, a move that would lower the Leaf’s price by about a fifth, the Nikkei reported.

Carlos Ghosn has said that he expects Nissan and Renault to benefit from the new partnership between Nissan and MMC, “starting immediately with savings from joint purchasing”.

He also said that other examples of benefits will include the ability to leverage Mitsubishi’s know-how in Japan’s popular kei car segment, to adopt Mitsubishi’s systems for plug-in hybrid electric vehicles, to capitalise on its strength in pickup trucks, and to build on its successful operations in Southeast Asia.

 “We believe the synergies will return 10 percent of Nissan’s investment in 2017 already and more than 20 percent the year after,” he said. “As our partnership grows in the years to come, we will identify additional synergies at the regional level, as well as explore specific benefits for Renault and our other partners.”

Carlos Ghosn was in Japan last week to formally add to his long list of titles, that of chairman of Mitsubishi Motors following the completion Nissan Motor’s acquisition of a 34% controlling stake in the company in October for JPY237bn (US$2.3bn).

Free Report
img

What does the future hold for the US electric vehicles market?

The US Electric Vehicles (EV) market has established itself as one to watch. Despite China maintaining the number one spot, the US holds significant standing as one of the major EV markets, with GlobalData’s whitepaper identifying a strong growth trajectory within the forecast period. This report further analyzes the trends, market drivers, and government incentives set to influence and facilitate the market.   This report also looks beyond the US and touches on environmental concerns set to drive the EV market worldwide.   Want to find out more? This report demonstrates GlobalData Explorer’s sector analysis capabilities, showing how you can:  
  • Get historical and forecast market sizing data, with country specific insight for 22+ of the world’s largest industries
  • Track sector dealmaking activity, to view aggregate volumes, specific deals and top investors for all major deal types in M&A, Capital Raising, and Partnerships
  • Analyze news from GlobalData Explorer’s News Database – enable screening and alerts by industry, company, geography and news sentiment for filtered insight
  • Identify and track the key disruptive trends that are keeping the top digital thought leaders talking through social media analytics
  Consult this report now to find out how you and your company can benefit from our Explorer platform.
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Enter your details here to receive your free Report.

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