On January 27, France's Renault, Japan's Nissan and Mitsubishi Jointly announced that they will invest an additional 23 billion euros in electrification in the next five years and produce 35 electric vehicles by 2030 to cope with competitive pressures in the industry and meet market demand.
Nissan e-POWER
The three companies are reportedly aiming to increase the use of the common platform among their 90 models to 80 percent by 2026 from 60 percent now. In addition, Nissan will lead the development of all-solid-state battery technology. Renault will lead the development of a common centralized electrical and electronic architecture and launch the first fully software-defined car by 2025.
Renault-Nissan-Mitsubishi Alliance
Up to now, the Renault-Nissan-Mitsubishi Alliance has invested a total of 10 billion euros in the field of electric vehicle research and development, and has built 4 platforms related to electric vehicles, and the fifth platform developed for Renault compact electric vehicles will be officially launched in 2025. Since then, 80% of the electric vehicles of the three companies will rely on these five platforms. The three will also plan to implement public utilities on key components of vehicles such as batteries to reduce production costs, and it is expected that the cost of batteries will be reduced by half through the standardization and sharing of batteries. In addition, the three car companies will jointly invest in expanding battery production capacity, and it is planned that the total battery capacity in France, the United Kingdom, China and Japan will reach 220GWh by 2030 to meet the demand of the three electric vehicles.