Renault-Nissan-Mitsubishi Alliance announce 2022 plan

The Renault-Nissan-Mitsubishi Alliance have announced six-year plans and targets for 2022.

Groupe Renault, Nissan Motor and Mitsubishi Motors who formed an alliance to share technology, powertrains and platforms for future models, have announced their six-year plan.

The Alliance has announced that it has set a new target to double their annual synergies to €10 billion by the year 2022. As a part of the Alliance, the three manufacturers will have nine million vehicles which will be based on four platforms and extend the use of common powertrains up to 75 percent of total sales.

Carlos Ghosn, chairman and chief executive officer of the Alliance, said: “Today marks a new milestone for our member companies. By the end of our strategic plan Alliance 2022, we aim to double our annual synergies to €10 billion. To achieve this target, on one side Renault, Nissan and Mitsubishi Motors will accelerate collaboration on common platforms, powertrains and next-generation electric, autonomous and connected technologies. From the other side, synergies will be enhanced by our growing scale. Our total annual sales are forecast to exceed 14 million units, generating revenues expected at $240 billion by the end of the plan.”

As a part of the newly announced strategy by the alliance, 12 pure electric vehicles are to be developed and launched by the year 2022 with the help of common platforms and components across multiple segments by all three manufacturers. Within the same time frame, a total of 40 vehicles are to be introduced with various levels of autonomous driving technology leading all the way to full autonomous capabilities. Running parallel will be the development of vehicle connectivity and new mobility services as well. Lastly, the Alliance is also planning to become an operator of robo-vehicle ride-hailing services which they claim will be a major part of the new mobility services strategy.

Ghosn concluded: “This plan will boost the growth and profitability of our member companies. We intend to deliver on growing synergies, with three autonomous companies cooperating with the efficiency of one. The Alliance has grown and performed with two members since 1999. With Alliance 2022, we will prove that we will grow and perform with three companies or more.”