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giftedviz.com November 23, 2017


Renault-Nissan CEO confident in electrics future

16 September 2017, 12:58 | Austin Hogan

Renault-Nissan-Mitsubishi wants to sell 40% more cars by 2022

Renault-Nissan-Mitsubishi Alliance

The automakers also laid out a timetable for introducing autonomous driving technology.

Called Alliance 2022, the six-year plan has set a new target to double annual synergies to €10 billion by the end of the plan.

This morning, the Renault Nissan Alliance (now including Mitsubishi as well) released a new six-year plan laying out its business goal through 2022.

The trio of Renault, Nissan Motor and Mitsubishi represent the world's largest automotive alliance.

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 companies also launched a new logo and online presence for the Alliance, symbolizing the growing convergence and cooperation between the member companies.

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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.

Point one involves developing four common platforms that would together underpin nine million cars, making up for 75% of the alliance's total sales.

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. In the first half of 2017, volumes increased by seven per cent year-on-year to 5.27 million units.

Total unit sales by the member companies are expected to exceed 14 million vehicles per year by the end of the plan. We intend to deliver on growing synergies, with three autonomous companies cooperating with the efficiency of one. Those include a doubling of synergies to 10 billion euros from 5 billion euros, and total revenues of $240 billion from $180 billion in 2016. Becoming an operator of robo-vehicle ride-hailing services is a major part of the new mobility services strategy.

Equally important, those 12 vehicles will "utilize common platforms and components" across all three brands, meaning significant economies of scale. In 2022, more than 9 million vehicles will be built on four common platforms, up from 2 million vehicles on two platforms in 2016.

Under the plan, the alliance will introduce a new family of EV motor and batteries from 2020, shared across the member companies.



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