Tuesday 18 September 2018
$240bn REVENUE SEEN BY 2022

Renault, Nissan and Mitsubishi target sale of 14m units

DUBAI, September 18, 2017

Renault, Nissan and Mitsubishi Motors today announced their ‘Alliance 2022’ plan, a six-year project that has set a new target to double annual synergies to €10 billion ($11.94 billion); sales of 14 million units, and a revenue of $240 billion by the end of the plan.

The plan aims to strengthen cooperation and accelerate use of common platforms, powertrains and new technologies.

Carlos Ghosn, chairman and chief executive officer of the Alliance, said: “Today marks a new milestone for our member companies. 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. From the other side, synergies will be enhanced by our growing scale. Our total annual sales are forecast to exceed 14 million units, generating revenues expected at $240 billion by the end of the plan.”

Under Alliance 2022, the member companies will increase their use of common platforms, with nine million units based on four common platforms. The plan will also extend the use of common powertrains to 75 percent of total sales.
Alliance 2022 plans a major expansion in shared electric vehicle technologies, alongside the development and deployment of advanced autonomous drive systems, vehicle connectivity and new mobility services.
Twelve new zero-emission electric vehicles will be launched by 2022, utilising new common electric vehicle platforms and components for multiple segments. Over the same period, 40 vehicles will be introduced with different levels of autonomy, all the way to fully autonomous capability. Becoming an operator of robo-vehicle ride-hailing services is a major part of the new mobility services strategy.
The launch of a new logo and online presence was also revealed today for the Alliance, symbolising the growing convergence and cooperation between the member companies.
Ghosn concluded: “This plan will boost the growth and profitability of our member companies. We intend to deliver on growing synergies, with three autonomous companies cooperating with the efficiency of one. The Alliance has grown and performed with two members since 1999. With Alliance 2022, we will prove that we will grow and perform with three companies or more.”

Groupe Renault, Nissan Motor and Mitsubishi Motors represent the world’s largest automotive alliance. It is the longest-lasting and most productive cross-cultural partnership in the auto industry. - TradeArabia News Service

Tags: Renault | nissan | Mitsubishi |

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