Renault-Nissan-Mitsubishi bets on spike in electric cars
Automaker alliance plans to produce 12 new models by 2022.
The Renault-Nissan-Mitsubishi alliance is gambling that mass-market drivers are going to pivot soon to electric cars, announcing plans Friday to produce 12 new electric models by 2022 and to make electric cars 30 percent of its overall output.
The carmakers — who collectively sold more vehicles than any other company in the world in the first half of this year — also announced plans to make “robotaxis,” driverless public transport vehicles and autonomous cars aimed at middle-class consumers.
The announcements are part of an overall strategic plan released Friday, aimed at taking advantage of the alliance’s growing reach after taking over Mitsubishi last year to consolidate its position and make electric and driverless cars more affordable. They also unveiled a new logo for the three-way alliance and renamed it Renault-Nissan-Mitsubishi.
CEO Carlos Ghosn is betting that upcoming government restrictions on diesel and gasoline cars will push drivers to go electric.
“We don’t know how much time it’s going to take ... but this is coming,” Ghosn said.
Britain and France have decided to ban new diesel and gasoline car sales starting in 2040 and China is considering a similar move.
“People are looking a little bit further in to the future, saying, ‘I’m going to go electric because I don’t want to have the problem with the car I have today three, four years down the road,’” Ghosn said.
All major car companies are trying to position themselves to profit from the expected but unpredictable and chaotic changes overtaking the industry: autonomous cars, connected cars that share data, car-sharing where you don’t own a vehicle but order one by app, and low-emissions vehicles demanded by the European Union to fight climate change and by China, where many cities are fighting rampant pollution.
At the Frankfurt auto show this week, several manufacturers unveiled electric and other
low-emissions strategies. Volkswagen AG notably announced an electrification campaign, saying its brands would introduce 80 new electric vehicles by 2025.
Renault-Nissan-Mitsubishi aims to increase the range of its electric cars to more than 350 miles, with smaller batteries and faster charging time. It wants 15 minutes of charging time to allow 140 miles of range, up from the current 55 miles of range.
Nissan was at first a leader in electric cars with the Leaf, but it has been overtaken by GM’s Bolt in terms of range, and even the new Leaf does not quite catch up.
Ghosn said electric car sales are growing by more than 50 percent annually in some European markets. His alliance is watching China’s emissions policies closely.
At a conference in Paris, the alliance announced that through 2022 it will also expand development of vehicles with different levels of autonomous technology, starting with partial human monitoring and ending with a fully driverless car that can ride on highways.