Nissan, Renault and Mitsubishi to Combine Forces
Nissan, Renault and Mitsubishi to Combine Forces

Nissan, Renault and Mitsubishi to Combine Forces

Nissan, Renault and Mitsubishi to Combine Forces

Nissan, Renault and Mitsubishi are working on a new platform, which will be used for their electric vehicles soon, reports Nikkei.
This has been done to reduce CO2 emissions as well as improve the fuel efficiency of their cars and to produce electric vehicles for the masses. In addition, electric vehicles sales continue to rise at a slow pace and carmakers are struggling to fund the vehicle development cost, which is higher than conventional vehicles.
Platform-sharing can help save huge amounts of money for all carmakers, along with reducing the delivery-to-market time due to combined development.
Another factor that made this move expected is that in May, 2016, Nissan took control over Mitsubishi Motors, which meant it was only a matter of time before we would see technology-sharing taking place.
The trio companies will share components and parts like motor, inverter and battery that will help in reducing the overall cost of the vehicle by up to 20 percent. As a result, this will make the electric cars’ price closer to the lower-priced petrol vehicles.
The joint electric car platform will be first used in the second generation Nissan Leaf electric car, for which the company will use a redesigned and less-expensive chassis, which will also be used by the other two carmakers. The upcoming Nissan Leaf is likely to go on sale in 2018 in international markets.
Nissan, Mitsubishi and Renault decided to take this step in order to compete with Volkswagen and Toyota, who are also planning to produce electric vehicles in order to reduce emissions and improve fuel economy in order to meet upcoming stringent norms.
Instead of developing different chassis for different cars, developing one platform significantly lowers the cost and time. Hence, it wouldn’t be surprising to see more carmakers joining hands for co-development and technology-sharing.

Short URL : https://goo.gl/xiLOsn
  1. https://goo.gl/imqfxa
  • https://goo.gl/cwDhkt
  • https://goo.gl/oaUsMM
  • https://goo.gl/ckLcqZ
  • https://goo.gl/xRaeTA

You can also read ...

How China Became Iran’s Coziest Trade Partner?
From bilateral trade to finance contracts and civil projects,...
The economy of the Islamic Republic of Iran has been tied to political and foreign affairs developments over the years.
This is the Financial Tribune’s last edition of the current...
Iranian Banking Sector Awaits Full JCPOA Benefits
Iran’s Deputy Foreign Minister Abbas Araqchi addressed various...
President Hassan Rouhani on Sunday spoke to reporters after the last Cabinet meeting of the current year.
President Hassan Rouhani on Sunday outlined his administration...
Iran has more than 37 billion tons of proven mineral reserves and 57 billion tons of potential reserves.
Iran exported more than 58.09 million tons of mineral products...
All-Out Growth in Interbank Market
The Central Bank of Iran has released its latest data on the...

Add new comment

Read our comment policy before posting your viewpoints