Why Ghosn wants 14M annual vehicle sales from the Renault-Nissan alliance

Renault Nissan Mitsubishi Alliance logo

The alliance announced that through 2022 it will expand development of vehicles with different levels of autonomous technology, starting with partial human monitoring and ending with a fully driverless auto that can ride on highways.

Called Alliance 2022, the six-year plan has set a new target to double annual synergies to €10 billion by the end of the plan.

The Renault, Nissan and Mitsubishi Alliance has unveiled a new six-year plan created to achieve some ambitious targets.

Those 12 full-electric vehicles mentioned above that are due by 2022?

But he said there were no plans to consolidate the alliance into a single company or increase its members' cross-shareholdings, saying the strategic plan would be "respecting the companies' identities".

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

He further said to achieve the target, on one side Renault, Nissan and Mitsubishi Motors will accelerate collaboration on common platforms, powertrains and next- generation electric, autonomous and connected technologies. The alliance has been in place since 1999 yet previous year just 2 million vehicles were built on two common platforms. Around 75 percent of total sales from the group would come via the common platforms, and by 2022, it aims to generate $240 billion in revenues.

The automakers plan to release their first fully autonomous auto, requiring no human driver at all, in about five years.

But alliance head Carlos Ghosn, who led the turnaround of Nissan as its first-ever non-Japanese CEO, has ambitious plans for the group. We intend to deliver on growing synergies, with three autonomous companies cooperating with the efficiency of one. This will pave the way for a long-range electric vehicle which can travel more than 600 km (372 miles). This compares with last year's two common platforms that were used for 2 million cars.

Total unit sales by the member companies are expected to exceed 14 million vehicles per year by the end of the plan. The doubling of synergies will be achieved partially by contributions from Mitsubishi Motors, specifically through deeper localization, joint plant utilization, common vehicle platforms, and an expanded presence in mature and emerging markets.

Under the plan, the alliance will introduce a new family of EV motor and batteries from 2020, shared across the member companies. They will utilize common platforms and components across all three Alliance brands.