Economy

Renault-Nissan to launch 12 zero-emission models

Renault-Nissan to launch 12 zero-emission models”

Paris: The Renault-Nissan alliance is sharply ramping up production of electric cars, promising 12 new models by 2022 and vowing to make electric cars 30% of its overall output.

The alliance announced that through 2022, it will expand development of vehicles with different levels of autonomous technology, starting with partial human monitoring and ending with a fully driverless auto that can ride on highways. Over the same period, 40 vehicles will be introduced with different levels of autonomy, all the way to fully autonomous capability.

Carlos Ghosn, chairman and chief executive officer of the Alliance, said: "Today marks a new milestone for our member companies". But Ghosn said it may look at reducing its stake in the future: "They promised they would do it, so there is no reason to doubt this promise". To achieve this target, on one side Renault, Nissan and Mitsubishi Motors will accelerate collaboration on common platforms, powertrains and next-generation electric, autonomous and connected technologies. With car-hungry China the latest country to announce intentions to phase-out fossil-fuel powered vehicles, following the lead of the United Kingdom and France, there's plenty at stake for automakers jostling to lead the zero-emissions segment. In the first half of 2017, volumes increased by seven percent year-on-year to 5.27 million units, whilst aggregate sales of electric vehicles reached a combined total of more than 500,000 units.

"When you have the advantage of scale, you don't have to take shortcuts", he said.

By the end of the years-long plan, 15 minutes of charging time will allow the EVs to travel 230 kilometers (143 miles), compared to 90 kilometers last year. Some 70 percent of the group's engines and transmissions will shared globally by that year, up from about a third today. "With Alliance 2022, we will prove that we will grow and perform with three companies or more".



Like this

Latest


15 September 2017
India, Pak Trade Fire In Jammu Sector, BSF Soldier Killed
This happens to be the sixth ceasefire violation by Pakistan in a span of five days. Beh and Shahnaz forward posts", a police officer said.

15 September 2017
Arsenal came back to whip Cologne 3-1
Some attempted to leap over barriers to get into the away section with stewards unable to control the fan frenzy. To manage the situation, UEFA, European soccer's governing body, made a decision to delay the game an hour.

15 September 2017
What Apple's iPhone X Means for Asian Tech Stocks
Tim Cook also introduced the iPhone 8 and iPhone 8 Plus , with screen sizes of 4.7-inch and 5.5-inch, respectively. A second speaker has been added to the top of the device, enabling stereo sound for portrait mode video watching.

15 September 2017
Apple silently killed off the Watch Series 2
Physically they look almost identical to the iPhone 7 series with one large difference: The metal back has been replaced by glass. With the Apple A11 Bionic chip backing it, the iPhone 8 and iPhone 8 Plus will be available with 64GB and 256GB onboard storage.

15 September 2017
After Hurricane Irma, residents go back to Florida; recovery mode begins
President Trump returned from Florida Sept. 14, after he spent time visiting with people who were in the path of Hurricane Irma. White House officials say Trump also plans to visit the devastated US Virgin Islands and Puerto Rico soon.

15 September 2017
Islamic State Claims It Carried Out Deadly Attack in Southern Iraq
While most of of the explosions and attacks went without a claim of responsibility, Islamic State has claimed several incidents. Amongst the three attacks, initial reports indicated that the deadliest attack was at a restaurant west of Nassiriya.

15 September 2017
Kamal Haasan to launch his own political party with 'reformatory ideology'
Well, I have to start somewhere. "First I must clean my own home before I start on the neighbours", he added. A political party is about an ideology. "Don't vote me in and then wait for five years to vote me out".

15 September 2017
Terrifying sea monster found washed ashore after Hurricane Harvey
One particular discovery could have came straight out of a sci-fi film, according to a photo in a Wednesday Daily Mail tweet. The creature's species still has not been confirmed although many experts believe it is a fangtooth snake-eel.

15 September 2017
Financial Times reporter killed in Sri Lanka crocodile attack
Fawas Lafeer, owner of Safa Surf School, located just up the coast from where the tragic incident occurred identified McClean. The surfing area known as Elephant Rock in Sri Lanka is considered "very safe", but not the jungle.

15 September 2017
Textron Inc (TXT): +DI Recorded Above -DI on This Stock
Acadian Asset Management LLC raised its position in shares of Canadian Natural Resources Limited by 2,400.0% in the 1st quarter. A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock.



Recommended