Renault-Nissan-Mitsubishi Will Spend $26 Billion To Go Electric

Industry News / 1 Comment

Working together, all three brands will have much more diverse portfolios.

Earlier this week, we gleaned insight on plans the Renault-Nissan-Mitsubishi Alliance has to introduce more than 30 new electric models, and now the world's biggest motoring alliance has now officially announced its ambitions.

The three carmakers are investing a further €23 billion ($26 billion) into electrification over the next five years, with a whopping 35 new electric vehicles expected by 2030. 90% of these models will be underpinned by five common EV platforms covering most markets in the major regions. The CMF-AEV platform will be used as the base for the new Dacia Spring and is billed as "the most affordable platform in the world." A KEI-EV platform will be used for ultra-compact electric cars.

The LCV-EV architecture will be used for commercial vehicles like the Renault Kangoo and Nissan Town Star, while the CMF-EV will make its debut on roads soon, underpinning the Nissan Ariya and, overseas, the Renault Megane E-Tech Electric. The alliance notes more than 15 models will be underpinned by CMF-EV, with up to 1.5 million vehicles produced on this platform per year.

Renault
Renault
Renault
Renault

2024 will see the arrival of CMF-BEV, which the alliance describes as the "most competitive compact electric platform in the world." It will serve as the base for 250,000 vehicles a year from Renault, Nissan, and Alpine. Several models are earmarked for the base, including the Renault R5 and the Nissan Micra's electric replacement. The platform reportedly provides up to 400 kilometers (approximately 249 miles) of range and boasts aerodynamics said to reduce power consumption by more than 10% compared to a contemporary Renault Zoe.

What's more, the alliance is working closely to achieve affordability, with a target to reduce battery costs by 50% in 2026 and 65% by 2028. This will, hopefully, reduce the price of electric vehicles as they remain prohibitively expensive to the greater majority of consumers. At the start of the new decade, the three-brand-strong alliance will have a total of 220 GWh battery production capacity across key production sites around the world.

9 Fastest SUVs On The Planet
9 Fastest SUVs On The Planet
Toyota Camry Sedan 7th Generation 2012-2017 (XV50) Review
Toyota Camry Sedan 7th Generation 2012-2017 (XV50) Review
2023 Nissan Ariya Side View Driving Nissan
2023 Nissan Ariya Rear Angle View Nissan
2023 Nissan Ariya Forward View Nissan
Nissan

Chairman of the alliance, Jean-Dominique Senard, said, "The three member companies have defined a common roadmap towards 2030, sharing investments in future electrification and connectivity projects. These are massive investments that none of the three companies could make alone. Together, we are making the difference for a new and global sustainable future; the Alliance becoming carbon neutral by 2050."

Through its "smart differentiation" methodology, the three companies can define the desired level of commonality for their respective offerings, allowing the pooling of platforms, production plants, and powertrains. An example of this is the shared platform for compact and mid-size segment vehicles, carrying five models from the three carmakers, namely the Nissan Qashqai and X-Trail (known as the Rogue stateside), Mitsubishi Outlander, Renault Austral, and an undisclosed, upcoming seven-seater SUV.

By 2026, the alliance plans to increase the use of common platforms to more than 80% of its combined 90 models, up from the current 60% figure. This will allow Nissan, Mitsubishi, and Renault to concentrate on customer demands, its best models, and key markets, simultaneously extending innovations across the three brands at a lower cost. This strategy will allow Mitsubishi, for example, to strengthen its presence in Europe with a new Renault-based ASX (sold in the US as the Outlander Sport).

Renault
Renault
Renault
Renault

By 2026, the three automakers expect to have more than 10 million vehicles on the road equipped with autonomous driving systems built on shared platforms and electronics. Currently, three million vehicles are connected to the Alliance Cloud with permanent data exchanges. With the goal of delivering five million Alliance cloud systems per year, a total of 25 million connected cars are expected on the road by 2026.

Additionally, Renault-Nissan-Mitsubishi will be the first global, mass-market OEM to introduce the Google ecosystem to its vehicles. By 2025, it will also launch a software-defined vehicle. This, says the alliance, will allow for vehicles to be improved with over-the-air performance throughout their life cycle. Other benefits include enhanced services, reduced maintenance costs, and a more personalized experience, but our takeaway has to be reduced EV costs. Here's hoping the alliance can make good on its promise.

Mitsubishi
Mitsubishi
Mitsubishi
Mitsubishi
The Nissan Ariya EV has a really nice interior

Join The Discussion

Gallery

16
Photos

Related Cars

Back
To Top