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Under the general trend that electric vehicles have become the development trend of the automobile industry in the future, more and more automobile companies give up fuel vehicles and invest heavily in electric vehicles. Renault, Nissan and Mitsubishi Motors will further form an alliance and plan to spend more than 20 billion euros (143.8 billion yuan) on electric vehicle technology in the next five years, according to media reports.

According to related news, the plan is expected to be announced on Thursday (27th), including tripling investment in car electrification, investing more than 20 billion euros in the development of electric vehicles over the next five years, and launching more than 30 new electric vehicle models built by five common platforms in 2030.

According to sources, the three parties have invested 10 billion euros in electrification and developed four general electric vehicle platforms, and a fifth platform is expected to be launched by 2025, while by 2025, the alliance plans to deploy a fifth platform, CMFB-EV, for Renault's compact electric vehicle. According to sources, Nissan has decided to use this platform and other standardized components to electrify Nissan's Micra compact car, while Renault is expected to launch a similar electric model based on the same platform.

In response to the above reports, so far, a spokesman for Nissan declined to "comment on speculation", while spokesmen for Renault and Mitsubishi did not respond to the news.

Public data show that Renault, Nissan and Mitsubishi are established car companies in France and Japan respectively, and the three parties have formed an alliance for many years. The Renault-Nissan alliance was formed in 1999. In May 1999, Renault bought a 36.8 per cent stake in Nissan for $5.4 billion and won the right to increase its stake to 44.4 per cent five years later. Nissan acquired a 15 per cent stake in Renault in May 2002. In 2016, Nissan acquired a 34% stake in Mitsubishi Motors, and Mitsubishi Group has since become a member of the Renault-Nissan alliance, which formed the Renault-Nissan-Mitsubishi alliance.

In the Renault-Nissan-Mitsubishi relationship, Renault is the majority shareholder of Nissan, Nissan is the majority shareholder of Mitsubishi, and Nissan CEO Ghosn is the soul of the alliance. Under his leadership, the Renault-Nissan-Mitsubishi alliance became the world's largest manufacturer with a total sales of 10.61 million vehicles in 2017, but in less than two years, the relationship between the three appeared a rift. In November 2018, Nissan CEO Ghosn was arrested on suspicion of financial irregularities, and the alliance began to deteriorate. Before Mr Ghosn's accident, Renault-Nissan-Mitsubishi alliance sales of 5.538 million vehicles in the first half of 2018, the world's largest carmaker, fell 5.6 per cent to 10.1552 million in 2019 after Mr Ghosn's arrest.

In May 2020, the Renault-Nissan-Mitsubishi Alliance restructured the global layout, including in the area of technology research and development: self-driving will be led by Nissan; in terms of vehicle networking technology, Renault Group will lead the development of vehicle networking technology based on Android platform. Nissan leads the development of car networking technology in China; the core systems of electric body and electronic and electrical architecture are also led by Renault Group. For electric powertrain (e-POWER), Renault Group is responsible for CMF-A/B electric powertrain, Nissan is responsible for CMF-EV electric powertrain, and Mitsubishi Motors is responsible for C-class and D-class plug-in hybrid vehicles. At the same time, according to the guiding strategy, the three parties will focus on the market respectively to avoid repetition. Nissan will focus on China, North America and Japan, Renault Group will focus on Europe, Russia, South America and North Africa, and Mitsubishi Motors will focus on Southeast Asia and Oceania.

Returning to the layout of electric vehicles by the Renault-Nissan-Mitsubishi Alliance, according to previous auto industry reports, Nissan announced plans to invest about $18 billion in the next five years to accelerate the electrification of cars. In the next five years, Nissan will launch 20 pure electric models and models equipped with Nissan e-POWER technology. By fiscal year 2030, the company will launch 23 electric-driven models, including 15 pure electric vehicles. Renault has previously said that it will increase the previous figure of 90% of vehicles sold as electric vehicles in 2030 to 100%. To put it simply, the Renault brand will completely stop selling new fuel cars by 2030 and completely transform itself into an electric car brand in Europe. Now, with the major car companies investing heavily in electric vehicles, it is expected that 2025 will be a turning point in the new energy vehicle industry, and a number of established car companies will complete the transformation by 2030.

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