Via a press release, the alliance announced a six-year plan called - Alliance 2022 - that would see the three carmakers "strengthen collaboration and accelerate use of common platforms, powertrains and new technologies".
The Renault-Nissan alliance is ramping up electric auto production, vowing 12 new models by 2022 and to make electric cars 30 percent of its overall production.
Leveraging economies of scale, the partnership of Renault-Nissan plans to expand their electric auto offerings, according to a new strategic plan outlined this week. Ghosn is predicting 14 million vehicle sales and $240 billion in revenues annually by the end of the plan.
Alliance vehicles will share 22 engines out of 31, or 75 percent, compared to 14 shared engines among 38 past year. Over the same period, 40 vehicles will be introduced with different levels of autonomy, all the way to fully autonomous capability.
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. Mitsubishi, a new partner in the Renault-Nissan alliance, is said to be gaining access to this platform by the year 2020.
The alliance sold more cars than any other manufacturer in the first half of 2017 and is looking to ride on its growing reach by expanding electric vehicles into the mass market.More news: Trump heads to Florida to survey damage from Hurricane Irma
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"This plan will boost the growth and profitability of our member companies". This will pave the way for a long-range electric vehicle which can travel more than 600 km (372 miles). This will be achieved partially by contributions from Mitsubishi Motors, specifically through deeper localisation, joint plant utilisation, common vehicle platforms, and an expanded presence in mature and emerging markets.
Additional synergies are expected from light commercial vehicles (LCV), aftersales and technology-sharing in electric vehicles, autonomous drive, connected cars and new mobility services.
In order to achieve the targets, the main strategy will be for the three companies to use four common platforms - the basic structure of a vehicle.
The alliance plans to build more than 9 million vehicles on four common platforms by 2022, up from 2 million vehicles on two platforms in 2016.
Nissan said its EVs would boast more than 600km of range by 2022, based on NEDC homologation methodology.