The French-Japanese alliance between Renault, Nissan, and Mitsubishi is preparing to make huge investments to boost its electrification process. Furthermore, the JV will invest $23 billion over five years to increase its EV portfolio by the year 2030.
The automakers are planning on rolling out 35 new BEVs during this period. This decision was announced during a global digital conference today, all 3 automakers will share a 2030 roadmap on pure-EV and Intelligent & Connected mobility.
More about the Renault-Nissan-Mitsubishi alliance
Renault Group, Nissan Motor Co., Ltd., and Mitsubishi Motors Corporation, together announced common projects and actions to boost and give form to their shared future towards 2030, focusing on the mobility value chain. Furthermore, the Alliance has defined a common 2030 roadmap on pure-EV and Intelligent & Connected mobility, sharing investments to create more opportunities for all the companies involved.
“Among the world’s automotive leaders, the Renault-Nissan-Mitsubishi Alliance is a proven, unique model. For 22 years, we have been building on our respective cultures and strengths for our common benefit,” said Jean-Dominique Senard, Chairman of the Alliance.
Adding strength to this process, the Alliance members will increase the number of common platform usage among them to 80% of its combined output. This will allow each company to deepen its attention to the needs of its customers, to the best key models and markets, while scaling innovations across the Alliance, at a lower cost.
90% of these models will be based on five common EV platforms :
- CMF-AEV – This will be a platform for affordable cars.
- KEI-EV – Mini vehicles and ultra-compact EVs will be underpinned by this platform.
- LCV-EV – Family cars and multi-utility vehicles will be built on this platform.
- CMF-EV – The global, flexible, EV platform. this will be the base for flagship models such as Nissan Ariya EV crossover and Renault Megane E-Tech Electric. The CMF-EV platform can provide best-in-class mileage and space for convenience. By 2030, 15 models from different automakers will be based on the CMF-EV platform. And up to 1.5 million cars will feature this platform as its base every year.
- CMF-BEV – This platform will feature the most competitive compact electric vehicles to be launched in 2024.
By the year 2026 members of the Alliance, will have more than 10 million vehicles on the way. In addition, around 45 models are equipped with autonomous driving systems.