Renault, Nissan and Mitsubishi alliance to invest €23 billion over the next five years to support its electrification strategy

Renault, Nissan and Mitsubishi, the members of one of the world’s leading automotive alliances, have announced common projects and actions, with the roadmap focusing on pure electric vehicles (EVs) and connected mobility. The Alliance 2030 strategy will see an investment of €23 billion over the next five years to support its offensive strategy in electrification.

This €23 billion investment will see the Alliance move from its current 10 electric vehicles to 35 by 2030. The group have announced that 90 percent of these models will be based on five common electric platforms, covering most markets in all major regions.

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With competitiveness being key in the motor industry, this has led the companies to a common Alliance battery strategy. This in turn has led to the selection of a common battery supplier for Renault and Nissan in core markets. The Alliance is working with common partners to achieve scale and affordability to enable battery reduction costs by 50 percent in 2026 and 65 percent by 2028.

By 2030, the Alliance will have a total of 220GWh battery production capacity for electric vehicles across key production sites in the world. Beyond this, the Alliance shares a common vision for all solid-state battery technology (ASSB). Based on its expertise and experience as a pioneer in battery technology, Nissan will lead innovations in this area that will benefit all members.

Solid-state battery technology offers the advantage of double the energy density versus current liquid lithium-ion batteries. Charging times are also reduced by one third enabling customers to make longer trips with increased, convenience, and confidence.

The aim is to mass produce these solid-state batteries by mid-2028 and realise cost parity with internal combustion engine (ICE) vehicles by bringing costs down further to $65 per kWh. This will hopefully accelerate the global shift to electric cars.

The Alliance also plans to launch its first software-defined vehicle by 2025. With this, it will improve its cars over the air performance throughout their life cycle. This means better value for customers with the integration of their car into their digital ecosystem and offering a personalised experience, new enhanced services and reduced maintenance costs.

Ian Osborne
Ian Osborne
Editor-in-Chief at ElectricDrives

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