The Renault-Nissan Alliance has announced a new six-year plan.
Called “Alliance 2022,” the plan sets a new target to double annual synergies to €10 billion ($11.94 billion USD) by the end of the plan. To achieve this goal, Renault, Nissan, and Mitsubishi Motors will work together on common platforms and powertrains, along with next-generation electric, autonomous, and connected technologies. Synergies will also be enhanced by the automakers’ growing scale, with total annual sales expected to exceed 14-million units. By the end of the plan, the Alliance expects revenue to reach $240 billion.
The Alliance is planning to have nine-million vehicles riding on four common platforms as part of the plan, which will also extend the use of common powertrains to 75 percent of total sales. Another primary focus will be on electric vehicles, with 12 new models launched by 2022. Over the same period, 40 vehicles will be introduced with different levels of autonomy, with some fully capable of self-driving themselves. Like other automakers, the Renault-Nissan Alliance is working towards being an operator of robo-vehicle ride-hailing services as a major part of its new mobility services strategy.
“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<‘ said Carlos Ghosn, chairman and chief executive officer of the Alliance. “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.”
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