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Renault-Nissan to launch 12 zero-emission models

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Paris: Carmaker Renault-Nissan said on Friday it will launch 12 all-electric cars over the next six years and equip dozens more with driverless technology.


Presenting the alliance’s new strategic plan to 2022, chairman Carlos Ghosn said Renault-Nissan is targeting car sales of 14 million units by that year, a rise of nearly 40 per cent from current levels.


“Electrified cars will represent more than 20 per cent of the alliance’s sales” by 2022, Ghosn said. Electrified cars are either all-electric or hybrids. The projected sales target would take Renault-Nissan’s annual revenues to around $240 billion. Sales last year were 10 million units.


The French-Japanese alliance, which now also includes Mitsubishi, is further hoping to double synergy savings from pooling resources in the alliance to about 10 billion euros ($12 billion) within six years, Ghosn said. But he said there were no plans to consolidate the alliance into a single company or increase its members’ cross-shareholdings, saying the strategic plan would be “respecting the companies’ identities”. — AFP


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