* Alliance plans 5 common platforms for EVs, up from 4
* To build a combined line-up of 35 EVs by 2030
* 4/5 of models to share common platforms by 2026
TOKYO/PARIS, Jan 27 (Reuters) - Renault and Nissan
will work more closely together to make electric cars,
they said on Thursday, as they detailed a $26 billion investment
plan over the next five years to stay competitive in the switch
to cleaner driving.
The two-decade old alliance, which also includes Mitsubishi
Motors, said it would increase the number of common
platforms for electric vehicles (EV) to five from four.
They will build a combined EV line-up of 35 vehicles by
2030, the companies said, adding that by 2026 four fifths of
their models would share common platforms, up from 60% now.
Rocked by the 2018 ouster of alliance founder and chairman
Carlos Ghosn amid a financial scandal, the companies have
pledged to strengthen their ties by pooling more resources.
"The alliance will hold its place among the world automotive
leaders," Alliance Operating Board Chairman, Jean-Dominique
Senard, said during an online presentation.
But it faces competition from bigger carmakers with deeper
pockets, such as Toyota Motor, which in December
pledged to spend $70 billion https://www.reuters.com/business/autos-transportation/toyota-says-have-30-battery-electric-line-up-vehicles-by-2030-2021-12-14
to electrify its fleet, as well as EV specialists such as Tesla
Now the world's most valuable automaker, Tesla forecast on
Wednesday its deliveries in 2022 would grow 50% https://www.reuters.com/business/autos-transportation/tesla-beats-revenue-estimates-record-deliveries-2022-01-26
year on year.
Asked whether the EV spending plan was enough, given it is
only around half https://www.reuters.com/business/autos-transportation/volkswagen-board-provide-details-ceos-future-powers-source-2021-12-09
what Germany's Volkswagen AG plans to invest in the
technology, Renault Chief Financial Officer Clotilde Delbos said
it was "sufficient," given the alliance's past experience in
"We are not a second division player when we come together,"
Renault CEO Luca de Meo said during the presentation.
To power the new EVs, the partners said they planned to
secure 220 gigawatt (GWh) hours of battery production capacity
by 2030, providing greater scale that would allow them to halve
battery costs by 2026 and reduce them by 65% by 2028. They did
not give details on how the capacity would be secured.
The money promised on Thursday comes from funding announced
In June, Renault unveiled a five-year 10 billion euro EV
with a plan to launch 10 models and to have EVs account for 90%
of all models by 2030.
Nissan said in November it would spend 2 trillion yen ($17.6
billion) over five years to accelerate vehicle electrification,
including on EVs and hybrid gasoline-electric cars.
Japan's No. 3 carmaker plans to launch 23 electrified
vehicles by 2030, including 15 pure EVs. It has also said it
wants to reduce lithium-ion battery costs by 65% within eight
years and introduce potentially game-changing all solid-state
batteries by March 2029.
Nissan said on Thursday it planned to replace its Micra car
in Europe with a new EV using one of the common platforms.
Holding the three-way alliance together is a
cross-shareholding relationship, with Renault owning 43.4% of
Nissan, which in turn has a 15% non-voting stake in the French
car company and a third of Mitsubishi Motors' stock.
Senard declined to comment when asked whether the partners
might rebalance the relationship by changing those holdings.
A new structure has been expected by financial markets.
Renault has been in the dominant position since it bailed out
Nissan two decades ago, but is now smaller by sales than its
"Life is long and we should never be impatient on that kind
of subject," said Senard
($1 = 0.8929 euros)
(Reporting by Tim Kelly and Gilles Guillaume
Editing by Mark Potter)