Renault-Nissan-Mitsubishi Alliance reveals new global strategy

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With the addition of Mitsubishi, the Renault Nissan Alliance is now at the same scale as the three traditional global industry leaders: General Motors, Toyota, and Volkswagen Group, each of which builds roughly 10 million cars a year.

He felt, without wanting to commit to firm targets, that "more than 20 % of sales of alliance ser [iea] nt electrified" by 2022, thus including electric, but also hybrid (fuel / electricity).

The alliance was light on specifics but confirmed plans to launch a new B-segment platform for mid-sized vehicles as well as a new EV platform with "advanced autonomous drive capability".

The Renault-Nissan-Mitsubishi alliance is hot on the trails of VW in the electrification race after the French-Japanese coalition revealed a masterplan that shares' the Germans' ambition.

Groupe Renault, Nissan Motor and Mitsubishi Motors, which represent the world's largest automotive alliance, announced Friday that Alliance 2022, a six-year plan, has set a new target to double annual synergies to 10 billion euros by the end of the plan.

Echoing plans from manufacturers like VW who plan to use the same platform across multiple brands and nameplates, the Alliance said a new platform will provide the underpinnings for an entire future generation of electric cars.

The Renault-Nissan alliance is aiming to boost annual sales to $240 billion and to sell 14 million cars a year by 2022. In the first half of 2017, volumes increased by seven percent year-on-year to 5.27 million units, whilst aggregate sales of electric vehicles reached a combined total of more than 500,000 units. The doubling of synergies will be achieved partially by contributions from Mitsubishi Motors, specifically through deeper localization, joint plant utilization, common vehicle platforms, and an expanded presence in mature and emerging markets. This compares with last year's two common platforms that were used for 2 million cars. They will utilize common platforms and components across all three Alliance brands.

As of December 2016, the Alliance is the world's leading plug-in electric vehicle manufacturer, with global sales since 2010 of nearly 425,000 pure electric vehicles, including those manufactured by Mitsubishi Motors who is now part of the Alliance.

It also said it is seeking to be a "key operator" of driverless ride-hailing services and to provide autonomous vehicles for public transit and car-sharing.

Nissan said its EVs would boast more than 600km of range by 2022, based on NEDC homologation methodology.

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