Renault, Nissan Motor and Mitsubishi Motors plan to triple their investment to jointly develop electric vehicles , two people with knowledge of the plan told Reuters.
That is in addition to 10 billion euros the group has already spent on electrification, said the two people with knowledge of the plan. By mid-decade, the alliance aims to deploy a fifth common platform for compact EVs designed by Renault, the sources said. By standardising and sharing batteries, the alliance expects to halve battery manufacturing costs, they said.
A disagreement between Nissan and Renault over the French firm's proposals for a full-blown merger – tensions that burst into the open with the arrest of former alliance leader Carlos Ghosn in 2018 – corresponded with stalled efforts to collaborate on technology and vehicle development, people with knowledge of the matter have said.
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