Exclusive: Renault, Nissan and Mitsubishi plan to invest more than $23 billion over the next five years to jointly develop electric vehicles
plan to triple their investment to jointly develop electric vehicles , two people with knowledge of the plan told Reuters.
A Nissan spokesperson declined to "comment on speculation". Spokespeople for Renault and Mitsubishi did not respond to requests for comment. Nissan has already decided to use this platform, called CMFB-EV, and other standardised components to electrify the Nissan Micra compact car, while Renault is expected to come up with a similar EV car based on the same platform, the sources said. The Micra EV is projected to be released by the mid-2020s.The logo of the Renault-Nissan-Mitsubishi alliance is seen ahead of a Renault, Nissan and Mitsubishi chiefs' joint news conference in Yokohama, Japan, March 12, 2019.
By standardising and sharing batteries, the alliance expects to halve battery manufacturing costs, they said. A disagreement between Nissan and Renault over the French firm's proposals for a full-blown merger – tensions that burst into the open with the arrest of former alliance leader Carlos Ghosn in 2018 – corresponded with stalled efforts to collaborate on technology and vehicle development, people with knowledge of the matter have said.
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