Renault-Nissan-Mitsubishi to ramp up focus on platform sharing, EVs

Renault-Nissan to launch 12 zero-emission models

Nissan-Renault Seeks to Boost Annual Vehicle Sales to 14 Million

Furthermore, the goal is to double annual synergies to 10 billion euros (Rs 76,440 crore) by the end of 2022.

Franco Japanese auto alliance Renault Nissan Mitsubishi on Friday announced an ambitious six-year plan under which it aims to double annual benefit from synergies to 10 billion euros by 2022. Renault, Nissan and Mitsubishi have sold almost 10 million vehicles in 2016, and Mr. Ghosn has estimated that se sales would be approximately 10.5 million units this year.

Ghosn said the alliance would introduce 12 new electric vehicles by 2022, staking out its territory in the mass market and affordable sectors.

Alliance vehicles will share 22 engines out of 31, or 75 percent, compared to 14 shared engines among 38 past year. We intend to deliver on growing synergies, with three autonomous companies cooperating with the efficiency of one. Under Alliance 2022, the three automakers aim to strengthen their level of cooperation and accelerate the use of common platforms, powertrains and new technologies.

Presenting the alliance's new strategic plan to 2022, chairman Carlos Ghosn said Renault-Nissan is targeting auto sales of 14 million units by that year, a rise of almost 40 percent from current levels.

Carlos Ghosn, chairman and chief executive officer of the Alliance, said, "This plan will boost the growth and profitability of our member companies".

The announcements are part of an overall strategic plan released Friday for the next five years, its first such plan since it took over Mitsubishi last year. At the same time, aggregate sales of electric vehicles reached a combined total of more than 500,000 units. In 2022, more than 9 million vehicles will be built on four common platforms, up from 2 million vehicles on two platforms in 2016.

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. They will be underpinned by common electric vehicle platforms and share components even though they will be introduced in multiple segments.

The last goal of introducing a fully self-driving system is part of Ghosn's vision to see the alliance become the operator a self-driving taxi service.

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

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