Nissan, Renault 3-stage approach gets approval, Alliance brands to take partnership to new level

Nissan announced that its three-stage approach to strengthen its ties with Renault has been approved. On that note, members of the Alliance (Nissan, Renault, and Mitsubishi) are now ready to take their partnership to a new level.

To note, the three-stage plan previously revealed by Nissan involves “reloading the partnership with high-value-creation operational projects,” “enhancing strategic agility with new initiatives that partners can join,” and “a balanced governance and cross-shareholding to foster accelerated operational efficiencies.”

Projects that will come as a result of the first area of the three-stage plan involve collaborative efforts between Nissan and Renault in Latin America including a new half-ton pick-up, developed by the Renault Group and shared with Nissan in Argentina.

Likewise, the Renault Group and Nissan will develop several new sport utility vehicles for the Indian market. Nissan will build a new car based on the Renault Triber.

Meanwhile, the French conglomerate will work with Mitsubishi to develop two new vehicles in Europe.

Looking forward, Alliance members Nissan and Renault plan to jointly develop electric vehicle charging infrastructures in Europe, to be placed in both of the brand’s dealership networks in the region.

In the second area of enhanced cooperation, all three Alliance companies agreed to explore their existing strategies in electrification and low-emission technologies by investing and collaborating in respective member-company projects that could provide incremental value to each individual business.

Nissan and Mitsubishi Motors would become customers of the Renault Group’s Horse project, an initiative to achieve further scale and market coverage for its low-emission internal combustion engine and hybrid powertrain technologies.

The aforementioned initiative would complement ongoing areas of technology collaborations such as All Solid-State Battery (ASSB), Software-Defined Vehicle (SDV) and Advanced Driver Assistance Systems (ADAS), as well as autonomous driving.

As for the third area of the three-stage plan, the founding members of the Alliance (Nissan and Renault) have agreed to rebalance their cross-shareholding and governance terms to ensure effectiveness and maximize value creation.

The two companies intend to enter into a new Alliance agreement by March 31, 2023, and replace the current agreements governing the Alliance such as the Restated Alliance Master Agreement and the Alliance Equity Participation Agreement.

“This far-reaching program paves the way for a renewal and strengthening of the 24-year partnership, creating a new agile spirit and harnessing the pioneering technologies of all three Alliance members. This next level will create more growth opportunities and help secure operating efficiencies for each Alliance company to innovate and transform in the fast-changing market for automotive products and mobility services,” Nissan said in a press release.

Photos from Nissan

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