The Renault-Nissan alliance will produce 14 pure electric cars, double its synergies and launch a fleet of self-driving taxis by 2022, as the world’s largest carmaking group becomes more integrated and expands its bets on future technology.
The alliance, which includes Mitsubishi and Daimler, set out its latest plans on Friday morning.
It aims to save €10bn a year by 2022, up from a target of €5bn by next year from moving more vehicles onto shared manufacturing platforms and eliminating duplication in purchasing and HR.
Alliance chairman Carlos Ghosn said:
We created an alliance mindset. While each member company is autonomous, our rule is to share and not to duplicate.
The companies will launch 40 models with various levels of driverless technology “all the way to full autonomy…with no human intervention necessary”.
Its cars will be fully connected, allowing them to have over-the-air software updates.
Mr Ghosn added: “Our scale allows us to invest in the full spectrum of electric, autonomous, connected and shared technology.”
The grouping is the world’s largest carmaker, selling more than 5,260,000 vehicles in the first six months of the year.
It expects to sell 10.5m cars this year, which it sees rising to 14m by 2022.
First formed in 1999, the Alliance has seen Renault and Nissan combine forces by sharing purchasing and back office functions as well as increasingly manufacturing rival vehicles in the same plants.
Currently, Renault owns 43.4 per cent of Nissan, while the Japanese group owns 15 per cent of Renault.
Nissan also holds a 34 per cent stake in Mitsubishi Motors, while Daimler holds a 3.1 per cent stake in each of Renault and Nissan.