Wednesday, February 1, 2023
News More Details About the Renault-Nissan-Mitsubishi Alliance’s EV plans

More Details About the Renault-Nissan-Mitsubishi Alliance’s EV plans

More details are known about the Renault-Nissan-Mitsubishi Alliance's plans for the decade

  • The Alliance will introduce 35 new electric models by 2030

  • These vehicles will almost all be built on shared platforms

  • The plan will require $26 billion in investments

Renault, Nissan and Mitsubishi have announced their plan for electrification this week. This measure will see the Alliance introduce 35 new electric models by the end of the decade in order to catch up to competitors.

With most manufacturers introducing electric vehicles and other committing large sums toward electrification, such as Toyota, who will invest $70 billion in EVs, the Renault-Nissan-Mitsubishi Alliance is currently behind.

This is despite them being among the first established brands to sell electric vehicles at the start of the last decade with the Nissan Leaf, the Mitsubishi i-Miev and the Renault Zoe.

The plan calls for most of the new models to be related, with 80% of them sharing common platforms and mechanical element by 2026, up from 60% currently.

In order to free some space in each brand’s lineup, 10 models will be dropped in the coming years, which will leave the alliance with around 90 different models on sale around the world,

The Alliance will add a fifth EV platform to build smaller models, such as a replacement for the Nissan Micra and the Renault 5. For now, these models are only confirmed for Europe and their very small size makes it unlikely we will see them in North America.

The platform that currently underpins the new Nissan Ariya and the Renault Megane E-Tech will be used to underpin 15 more models by 2030, which should help it achieve 1.5 million sales globally.

In terms of batteries, Nissan is working on a solid-state design that should be ready in 2028, which it will share with Mitsubishi at first and most likely Renault at a later date.

This plan could help relieve some of the tensions that reign in the Alliance, especially since the former CEO, Carlos Ghosn, was charged with financial misconduct. Renault owns 43% of Nissan and it has voting right in the Japanese automaker, while Nissan only has 15% of Renault and no voting rights, despite being a larger company. Mitsubishi has been part of the alliance since Nissan bought a third of the smaller company’s stock.

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