Renault Group and Nissan to establish final agreements by the end of the first quarter of 2023.
Renault Group and Nissan have agreed to a binding framework agreement on the transactions to establish final agreements by the end of the first quarter of 2023. The conclusion of the transactions envisioned by these definitive agreements is anticipated to take place in the fourth quarter of 2023, subject to a small number of prerequisite circumstances, including regulatory clearances.
The 24-year cooperation may be renewed and strengthened thanks to this extensive programme, which fosters an agile mindset and makes use of the ground-breaking technologies of all three Alliance members. For each Alliance company, this new level will open greater growth prospects and support operating efficiencies as they innovate and transform in the market for automotive products and mobility services, which is undergoing rapid change.
High-worth-creation operational projects
A year after defining the Alliance strategy towards 2030, the companies announce the importance of new key projects in Latin America, India, and Europe that aim to deliver win-win, large-scale and actionable benefits for the Alliance members along three dimensions: markets, vehicles, and technologies. Each company would gain from these value-creating projects in the mid-term while achieving short-term benefits from both cost avoidance and cost sharing.
Cooperation in distribution, after-sales, infrastructure for charging, and batteries goes beyond the vehicle.
- Renault Group, Nissan, and Mitsubishi Motors are collaborating on opportunities within the distribution network to assist and boost dealer profitability and lower their individual expenses. These opportunities include distribution, aftersales, and sales financing.
- By implementing similar strategies on Used Car, After Sales, and Sales Financing, leveraging the strong existence of Mobilize Financial Services in Europe. By growing the number of shared outlets in important regions.
- Infrastructure for charging electric vehicles (EVs): Renault Group and Nissan are thinking about deploying charging stations together in Europe at both Nissan and Renault Group dealerships.
- The circular economy: Renault Group and Nissan plan to select common battery recycling partners for their production scraps and end-of-life batteries.
Increased strategic adaptability with new projects that partners can participate
To further their existing objectives in electrification and low-emission technologies, all three Alliance firms committed to investing in and working together on member-company projects that may add value to each company’s operations. This was the second area of improved cooperation.
These flexible strategic initiatives are intended to support member companies’ business plans, including Nissan Ambition 2030 and Renaulution, as each company takes advantage of investment opportunities and areas of commonality to achieve its own objectives for sustainable growth and decarbonization.
The following areas of cooperation are being considered:
- Nissan intends to invest up to 15% in Ampere, the Renault Group’s European EV & Software subsidiary, with the goal of becoming a strategic investor. Nissan would increase and hasten the development of new commercial possibilities in Europe with this planned investment in Ampere.
- Mitsubishi Motors is mulling a possible investment in Ampere.
- The Renault Group’s Horse project, a drive to expand scale and market coverage for its low-emission internal combustion engine (ICE) & hybrid powertrain technology, would see Nissan and Mitsubishi Motors as clients.
All-solid-state batteries (ASSB), software-defined vehicles (SDV), advanced driver assistance systems (ADAS), and autonomous driving are examples of ongoing technological collaborations that would be complemented by these endeavours.