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".



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