Renault-Nissan-Mitsubishi wants to sell 40% more cars by 2022

Renault-Nissan-Mitsubishi wants to sell 40% more cars by 2022

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".

Presenting the alliance's new strategic plan to 2022, chairman Carlos Ghosn said Renault-Nissan is targeting vehicle sales of 14 million units by that year, a rise of almost 40 percent from current levels.

The alliance's expanded size will also likely be an asset as it struggles with the implications of costly technologies like electric vehicles and autonomous driving that have yet to deliver significant revenue.

Franco Japanese auto alliance Renault Nissan Mitsubishi on Friday announced an ambitious six-year plan under which it aims to double annual benefit from synergies to 10 billion euros by 2022.

Alliance vehicles will share 22 engines out of 31, or 75 percent, compared to 14 shared engines among 38 a year ago. Renault, Nissan and Mitsubishi have sold almost 10 million vehicles in 2016, and Mr. Ghosn has estimated that se sales would be approximately 10.5 million units this year. Those include a doubling of synergies to 10 billion euros from 5 billion euros, and total revenues of $240 billion from $180 billion in 2016.

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The Renault Zoe, a hatchback one size smaller launched in 2012 by its French alliance partner, is the best-selling electric auto in Europe-though its uses largely separate underpinnings than the Leaf. Becoming an operator of robo-vehicle ride-hailing services is a major part of the new mobility services strategy.

Alongside the three technology building blocks, the member companies will extend their use of shared common platforms and powertrains. This compares with last year's two common platforms that were used for 2 million cars.

On the topic of electric vehicles, a new family of electric motors and batteries will be introduced in 2020.

By 2022, the member companies will significantly increase their product range to cover all main segments in their key markets of Japan, the USA, China and Europe. They will utilize common platforms and components across all three Alliance brands.

He felt, without wanting to commit to firm targets, that "more than 20 % of sales of alliance ser [iea] nt electrified" by 2022, thus including electric, but also hybrid (fuel / electricity).

Nissan said its EVs would boast more than 600km of range by 2022, based on NEDC homologation methodology.

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