Published: Sat, September 16, 2017
Money | By Oscar Reynolds

Renault-Nissan is aiming for 14 million vehicles sold in 2022

Renault-Nissan is aiming for 14 million vehicles sold in 2022

Aiming to maintain its position as an EV powerhouse while taking the lead on autonomous and connected-car technologies, the new plan calls for no fewer than a dozen new full-electric vehicles by the calendar year 2022.

Furthermore, the goal is to double annual synergies to 10 billion euros (Rs 76,440 crore) by the end of 2022.

The companies announced Friday that, together, they would launch 12 new all-electric vehicles by 2022. 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.

"Electrified cars will represent more than 30 percent of the alliance's sales" by 2022, Ghosn said.

Carlos Ghosn, chairman and chief executive officer of the Alliance, said it marks a new milestone for the member companies.

Alliance 2022 is going all in on ride-sharing, too.

Specific goals include further collaboration on common platforms, powertrains and next-generation electric, self-driving and connectivity technologies.

The Renault Zoe, a hatchback one size smaller launched in 2012 by its French alliance partner, is the best-selling electric vehicle in Europe-though its uses largely separate underpinnings than the Leaf. "Our total annual sales are forecast to exceed 14 million units, generating revenues expected at United States dollars 240 billion by the end of the plan", he added.

The announcements are part of an overall strategic plan released Friday for the next five years, its first such plan since it took over Mitsubishi last year.

But alliance head Carlos Ghosn, who led the turnaround of Nissan as its first-ever non-Japanese CEO, has ambitious plans for the group. It aims to exceed combined sales of 14 million units, up almost 40 percent by the end of the plan. We intend to deliver on growing synergies, with three autonomous companies cooperating with the efficiency of one. This will be achieved partially by contributions from Mitsubishi Motors, specifically through deeper localisation, joint plant utilisation, common vehicle platforms, and an expanded presence in mature and emerging markets.

The alliance plans to build more than 9 million vehicles on four common platforms by 2022, up from 2 million vehicles on two platforms in 2016. They will utilize common platforms and components across all three Alliance brands.

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

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