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December 15, 2016updated 09 Apr 2021 6:57am

Renault-Nissan-Mitsubishi to standardise EV/hybrid technologies

Renault-Nissan and Mitsubishi are to standardise their electric and hybrid vehicle technology, according to local reports in Japan quoting Carlos Ghosn - chairman and CEO of both Groupe Renault and Nissan Motor.

Renault-Nissan and Mitsubishi are to standardise their electric and hybrid vehicle technology, according to local reports in Japan quoting Carlos Ghosn – chairman and CEO of both Groupe Renault and Nissan Motor.

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Ghosn is in Japan this 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).

The acquisition will help strengthen the 17-year partnership between Renault and Nissan, by forming a group with annual global sales of around 10m vehicles. This puts it in an exclusive group of the three largest global automakers – alongside the Toyota and Volkswagen groups.

In an interview with the Nikkei, Ghosn said the group will benefit in particular from Mitsubishi's more advanced hybrid technology which will be adopted throughout the group and thus avoid R&D duplication.

The three brands combined are expected to generate the biggest economies of scale in the global electric vehicle sector, based on current volumes.

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.
by GlobalData
Enter your details here to receive your free Report.

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