According to people familiar with the matter, the Renault-Nissan-Mitsubishi Alliance plans to triple the investment and jointly develop electric vehicles.
The three companies are expected to announce a plan on Thursday to invest more than 20 billion euros (about $23 billion) in the development of electric vehicles over the next five years. By 2030, the alliance expects to launch more than 30 new electric vehicles with the support of 5 common platforms, people familiar with the matter said.
Pressure from new competitors and strong demand for electric vehicles have led renault, Nissan and Mitsubishi alliances to seek to deepen their cooperation. The alliance has invested 10 billion euros in electrification and has developed and partially deployed 4 common platforms, people familiar with the matter said.
The alliance's plans aim to show increased collaboration among automakers, emphasizing a "shared vision for electrified and connected mobility." The 5 common platforms are expected to cover 90% of the electric vehicles developed and launched by these companies by 2030.
In addition, people familiar with the matter revealed that the alliance plans to jointly invest in the production of batteries totaling 220 gigawatt hours by 2030. Through standardization and sharing of technology, the alliance expects the manufacturing cost of batteries to be halved; In addition, the alliance is expected to share solid-state lithium-ion battery technology that Nissan has been developing.
Still, while all three automakers have their own hybrid technology, key components and systems are barely shared. Limited cooperation in procurement and development has raised concerns within the alliance about cost-savings, a person familiar with the matter said. It's unclear whether the alliance will include hybrids as part of its 2030 plan.
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