renault-nissan-mitsubishi alliance


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New car-sharing partnership

Renault-Nissan-Mitsubishi and Didi Chuxing (DiDi), the leading Chinese mobile transportation platform, have signed a memorandum of understanding (MOU) to explore a new electric vehicle car-sharing program in the People’s Republic of China.

The MOU signed with DiDi underlines the commitment to new mobility services at the Alliance, including the launch of robo-vehicle ride-hailing services, as part of the Alliance 2022 strategic midterm plan launched last year by Renault-Nissan-Mitsubishi.

Ogi Redzic, senior vice president of Connected Vehicles and Mobility Services for Renault-Nissan-Mitsubishi, said: “The potential business and technology opportunities that we will explore with DiDi are quite promising. This cooperation fits with the Alliance expansion in vehicle electrification, autonomy, connectivity and new mobility services.”

Chen Ting, General Manager for the Express Mobility Group of DiDi Chuxing, said: “Strategic partnerships with the world’s leading industry players like Renault-Nissan-Mitsubishi will enable us to pool our strengths and resources to meet diversified mobility demands and create an open, sharing-based transportation ecosystem, as we innovate vehicles for a future of ridesharing, AI technology and new energy.”

By the end of its strategic plan, the Alliance will launch 12 pure electric models worldwide, utilising common EV platforms and components, while also bringing to market 40 vehicles worldwide with autonomous drive technology and developing robo-vehicle ride-hailing services.

Under the Alliance 2022 strategic plan, Renault-Nissan-Mitsubishi is forecasting that the combined revenues of its member companies will reach $240 billion and that annual unit sales will exceed 14 million by the end of 2022, compared with 10.6 million units sold by its member companies in 2017.

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Alliance sells 10.6m cars

Today, Renault-Nissan-Mitsubishi announced that its member companies sold a combined total of 10,608,366 units in the 12 months to December 31, 2017.

A growing demand and a rising number of zero-emission pure electric vehicles helped lift unit sales by 6.5 per cent in 2017, the first full-year of Mitsubishi Motors’ membership of the Alliance.

One in nine passenger cars and light commercial vehicles sold worldwide were from the automotive Alliance.

“With more than 10.6 million passenger cars and light commercial vehicles sold in 2017, Renault-Nissan-Mitsubishi has become the number-one automotive group worldwide. This evolution reflects the breadth and depth of our model range, our global market presence and the customer appeal of our vehicle technologies,” said Carlos Ghosn, chairman and chief executive officer of Renault-Nissan-Mitsubishi. 

Carlos Ghosn – chairman and CEO of the Renault-Nissan-Mitsubishi Alliance.

It was a record year for Groupe Renault, the world’s leading French brand and number-two brand in Europe. Sales were up 8.5 percent to 3,761,634 units in 2017.

Nissan Motor Co. Ltd. sold 5,816,278 vehicles worldwide, up 4.6 percent. 

Mitsubishi Motors Corporation sold 1,030,454 vehicles in 2017, up 10 percent from 2016.

Since 2010, when the Nissan LEAF was first introduced, Renault-Nissan-Mitsubishi has sold 540,623 electric vehicles worldwide through its different brands. Cumulatively, the Alliance continues as the global leader for 100% electric passenger cars and light commercial electric vehicles.

The Nissan LEAF, the first mainstream, mass-marketed electric vehicle, remains the world’s best-selling EV with more than 300,000 vehicles sold since its launch in December 2010.

During 2017, the new Nissan LEAF was unveiled and offers customers greater range, advanced technologies and a dynamic new design. It went on sale in Japan last year, and will be rolled out in other major markets during 2018.

The new Nissan LEAF received over 40,000 orders globally including 13,000 orders in Japan; 13,000 reservations in the United States; and over 12,000 orders in Europe.

Alliance 2022 strategic plan

As part of Alliance 2022 strategic plan, Renault-Nissan-Mitsubishi is forecasting that annual synergies will exceed €10 billion by the end of 2022. In addition, 12 new zero-emission electric vehicles and 40 vehicles with autonomous drive technology will be launched.

The introduction of new models and new technologies should lift the combined annual sales of Renault-Nissan-Mitsubishi to more than 14 million units, generating revenues expected at $240 billion by the end of 2022.

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New venture launched

Renault-Nissan-Mitsubishi have launched a US$1 billion corporate venture fund to focus on investments revolving around mobility services, which includes electrification, autonomous platforms, network connectivity and artificial intelligence, A.I.

The venture is called Alliance Ventures and plans to invest up to $200 million in start-ups and “open innovation partnerships’ in its first year and will continue to do this over the next five years.

Carlos Ghosn, chairman and chief executive officer of Renault-Nissan-Mitsubishi, said: “Our open innovation approach will allow us to invest and collaborate with start-up companies and technology entrepreneurs, who will benefit from the global scale of the Alliance. This new fund reflects the collaborative spirit and entrepreneurial mind-set at the heart of the Alliance.”

Carlos Ghosn, chairman and chief executive officer of Renault-Nissan-Mitsubishi.

Alliance Ventures will utilise the technologies, developed by the fund and its portfolio, in-house across the three brands that comprise the group.

The fund has also already made its first investment – an equity stake in Ionic Materials, a battery technology developer. Alliance’s investment will help out with research and development as the Massachusetts-based company looks to bring its solid polymer electrolyte to market.

While Volkswagen doesn’t appear to have a dedicated venture fund or investment group, they are also willing to invest in the technology sphere on a similar scale. They are currently making direct investments in companies or setting up joint ventures with other automakers.

Alliance Ventures will be led by François Dossa, who has over 20 years of experience in investment banking, plus six years of experience within the Alliance, most recently, as chief executive officer of Nissan Brazil. The Alliance Ventures team will also draw on the expertise and business opportunities identified by a Cross-Functional Team of experts from Renault, Nissan, and Mitsubishi.

The first offices for the new fund will be in Silicon Valley, Paris, Yokohama and Beijing — which align with the member companies that are committing capital to the alliance. Renault and Nissan will both put up 40% of the capital for the new fund, with Mitsubishi Motors financing the remainder.

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