More platform-sharing, powertrain-sharing and across-the-board technology can be expected from Renault, Mitsubishi and Nissan over the next five years.
That's the word from the Renault-Nissan Alliance, which now includes Mitsubishi, in the outline of a five-year plan to better consolidate its strengths.
Up to 75 percent of the combined range for the three carmakers could be using the same tech by 2022, and the trio has agreed to double its annual synergies by the same year as its members look to grow profitability.
Carlos Ghosn, head of the alliance, also wants its members to focus on developing new technologies and to benefit from its shared usage.
“Today marks a new milestone for our member companies," Ghosn said.
"By the end of our strategic plan Alliance 2022, we aim to double our annual synergies to €10 billion. To achieve this target, on one side Renault, Nissan and Mitsubishi Motors will accelerate collaboration on common platforms, powertrains and next-generation electric, autonomous and connected technologies."
Electric vehicles are a main focus of Ghosn - an area for growth as the technology becomes more mainstream. The alliance's aim is to produce 12 new pure electric vehicles by 2022 which would all be produced on scalable shared architecture.
The future EVs would also boast more than 600km range and deliver ultra-fast charging of 230km in just 15 minutes.
Nissan recently revealed its new Leaf electric car (pictured) which is due to go on sale at the end of 2018 and now could spawn more models across the alliance.
Autonomous driving technology was also singled out, with the main focus being to develop a a future robo-taxi service which would utilise the alliance's vehicles. Ghosn set 2022 as the date for the group's first fully autonomous vehicles with the brands achieving multiple levels of self-driving technology in the lead up.
The Renault-Nissan alliance also plans to boost sales to more than 14 million units globally per annum by 2022, making it one of the top three global car making groups.
Locally Nissan's sales have been falling and the brand recently parted ways with its CEO, Richard Emery, not long after Ghosn visited Australia and said the company could "do much better". The Japanese brand currently offers no passenger cars in its local lineup after it cut the Pulsar, Altima and Micra over the last two years and instead has moved its focus to SUVs.
Mitsubishi has fared better in the sales department, but its ageing range is in need of an upgrade.
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