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

Jon Howard
September 16, 2017

The group's plan also includes introducing 40 vehicles with varying levels of autonomy.

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

This morning, the Renault Nissan Alliance (now including Mitsubishi as well) released a new six-year plan laying out its business goal through 2022. Mitsubishi, a new partner in the Renault-Nissan alliance, is said to be gaining access to this platform by the year 2020.

The driving range of electric vehicles will be extended to 600 km per charge by 2022 - 50% longer than the second generation of Leaf, which Nissan unveiled earlier this month.

The alliance was light on specifics but confirmed plans to launch a new B-segment platform for mid-sized vehicles as well as a new EV platform with "advanced autonomous drive capability".

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Alliance vehicles will share 22 engines out of 31, or 75 percent, compared to 14 shared engines among 38 previous year.

Point one involves developing four common platforms that would together underpin nine million cars, making up for 75% of the alliance's total sales. "Our total annual sales are forecast to exceed 14 million units, generating revenues expected at $240 billion by the end of the plan". We intend to deliver on growing synergies, with three autonomous companies cooperating with the efficiency of one.

But alliance head Carlos Ghosn, who led the turnaround of Nissan as its first-ever non-Japanese CEO, has ambitious plans for the group. In the first half of 2017, their volumes increased by 7 per cent year-on-year to 5.27 million units, while sales of electric vehicles crossed a total of over 5 lakh units.

Ghosn pledged to increase that figure to more than 9 million alliance vehicles on four common platforms. It aims to exceed combined sales of 14 million units, up almost 40 percent by the end of the plan. The doubling of synergies will be achieved partially by contributions from Mitsubishi Motors, specifically through deeper localization, joint plant utilization, common vehicle platforms, and an expanded presence in mature and emerging markets. They will utilize common platforms and components across all three Alliance brands. Some will be fully autonomous and Ghosn says becoming an "operator of robo-vehicle ride-hailing services is a major part of the new mobility services strategy".

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