Following approval by the Boards of Directors of Renault Group and Nissan Motor Co., Ltd, Renault-Nissan-Mitsubishi Alliance announced new initiatives to take their partnership to the next level.
A three-dimension program to maximize value creation for all Alliance stakeholders will include:
- High-value-creation operational projects in Latin America, India and Europe;
- Enhanced strategic agility with new initiatives that partners can join;
- A rebalanced Renault Group-Nissan cross-shareholding and reinforced Alliance governance.
Renault Group and Nissan have entered into a binding framework agreement regarding the above-mentioned transactions, with a view to reaching definitive agreements by the end of the first quarter of 2023. The transactions contemplated in these definitive agreements would be subject to a limited number of conditions precedent, including regulatory approvals, and completion is expected to occur in the fourth quarter of 2023.
This far-reaching program paves the way for a renewal and strengthening of the 24-year partnership, creating a new agile spirit and harnessing the pioneering technologies of all three Alliance members. This next level will create more growth opportunities and help secure operating efficiencies for each Alliance company to innovate and transform in the fast-changing market for automotive products and mobility services.
Latin America: There are four projects being considered in Latin America. A new half-ton pick-up, developed and produced by Renault and shared with Nissan in Argentina. Collaboration on the Nissan Frontier/Renault Alaskan family, a one-ton pick-up, would continue, with Renault producing the pick‑ups in Cordoba (Argentina) for both Renault and Nissan. In Mexico, Nissan would produce a new model for Renault. Additionally, Nissan and Renault would commercialise two common accessible A‑segment Electric Vehicles (EVs), both based on the CMF-AEV (Common Module Family) platform.
India: For the Indian market and export, Renault and Nissan plan to collaborate on several new vehicle projects including shared SUV models and there would also be a new Nissan car derived from the Renault Triber. As in Latin America, the partners are also considering common A-segment electric vehicles.
Europe: In Europe Renault and Mitsubishi would leverage the assets of Renault Captur and Clio to develop two new vehicles with the next-gen ASX and Colt based on the CMF-B platform.
Renault Group would launch FlexEVan on the LCV market as its first Software-Defined Vehicle from 2026 and share it with Nissan in Europe.
Beyond 2026, Nissan and Renault would also explore possible collaborations on the next generation of C-segment EVs. To ensure benchmark charging time, Nissan and Renault Group would continue sharing technologies on their European cars, including potential usage of common 800-volt architecture. These initiatives would build on existing commitments, including plans for the future Nissan compact EV (B-segment), based on CMF-BEV platform, to be produced at Renault’s ElectriCity facility in France from 2026.
Nissan intends to invest up to 15% in Ampere, Renault Group’s EV & Software entity in Europe, with the aim of becoming a strategic investor. Mitsubishi would also consider investing in Ampere. Nissan and Mitsubishi would become customers of Renault Group’s Horse project, an initiative to achieve further scale and market coverage for its low-emission internal combustion engine (ICE) & hybrid powertrain technologies.