Posted on 07 Feb 2023
Renault Group, Nissan and Mitsubishi unveiled on Monday a new era for their alliance, with an agreement put in place for an initial 15 years’ collaboration period, Kallanish reports.
The companies said in a press conference in London that a “rebalanced Renault Group-Nissan cross-shareholding and reinforced Alliance governance” will be mutually beneficial to all partners. It will strengthen the 24-year partnership creating “a new agile spirit and harnessing the pioneering technologies for all three members.”
Under the binding framework agreement signed by the parties, Renault will hold a 15% stake in Nissan and vice-versa. Renault will transfer 28.4% of its shares in Nissan into a French trust. Nissan will invest up to 15% Renault’s EV company, Ampere, with Mitsubishi also considering investment opportunities in the company. They plan to sign a new Alliance agreement by 31 March.
The companies highlighted they will have more agility and flexibility to grow their respective businesses, while leveraging commonality and investment opportunities to deliver on respective decarbonisation targets.
The partnership plans to establish production of A-segment EVs in Latin America and India based on the CMF-AEV platform. In Europe, they intend to produce a C-segment EV from 2026 – the Renault’s FlexEVan, which will be the first software-defined vehicle from the group, will be shared with Nissan in the region. There are also plans for further collaborations on next-generation C-segment EVs to ensure benchmark charging time, using the common 800-volt architecture. The future Nissan B-segment compact EV, based on CMF-BEV platform, is to be produced at Renault’s ElectriCity facility in France from 2026.
The Alliance partners will also expand cooperation into distribution, aftersales, charging infrastructure and batteries in Europe. Renault and Nissan are mulling jointly deploying charging infrastructure at their respective dealerships, while also planning to select common battery recycling partners for their end-of-life batteries and production scraps.
Source:Kallanish
