The alliance between Renault, Nissan and Mitsubishi has announced a six-year plan called Alliance 2022 that sets a a new target to double annual synergies to €10 billion by the end of the plan. Under the new plan the three companies will increase their use of common platforms that help the alliance to save money and plans to have 4 common platforms on which some nine million units will be sold between Nissan, Renault and Mitsubishi. 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. Carlos Ghosn said that twelve new electric vehicles will be launched by 2022 under a common electric vehicle platforms and components under various segments. 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" he added and then also launched a new logo for the alliance. The launch of a new logo and online presence was also revealed today for the Alliance, symbolizing the growing convergence and cooperation between the member companies.
Ghosn further added, "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."
The alliance between Renault, Nissan and Mitsubishi Motors has become the world's largest automotive group by sales volume. In the first half of 2017, volumes increased by seven percent year-on-year to 5.27 million units. The sales sales of electric vehicles reached a combined total of more than 500,000 units totally. It is expected that the total unit sales by the member companies are expected to exceed 14 million vehicles per year by the end of the plan. Combined financial revenues are forecast to reach $240 billion by the end of the plan, up more than 30 percent on the $180 billion aggregate revenues achieved in 2016. To save costs, the alliance will double the synergies by the partial contribution from Mitsubishi Motors, specifically through deeper localization, joint plant utilization, common vehicle platforms, and an expanded presence in mature and emerging markets.
Future developments include:
The alliance plans to manufacture and sell over 9 million vehicles by 2022 built on four common platforms, up from 2 million vehicles on two platforms in 2016. The member companies will share a total of 22 engines out of a total of 31 engines. The common platform strategy – based on the CMF architecture – will be extended to a new common EV platform with autonomous drive capability and to a new B-segment common platform for mid-sized vehicles. Mitsubishi Motors will gain access to the CMF architecture and utilize common powertrains by 2020.
The CMF (common module family) platform will be extended with the inclusion on Mitsubishi. The Renault-Nissan Alliance had tasted success by shared architecture in recent years and have helped individual companies to expand its product line-up. Globally, the shared architecture has been seen on the vehicles like Nissan Rogue, Qashqai and X-Trail, Renault Espace, Kadjar and Megane, as well as Renault Kwid and Datsun redi-GO that has been developed in India for emerging markets.