Renault-Nissan-Mitsubishi Alliance Outlines Five-Year Plan

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.  

Mitsubishi