TOKYO, Jan 27 — Renault and Nissan will work more closely together to make electric cars, they said today, as they detailed a US$26 billion investment plan over the next five years to stay competitive in the switch to cleaner driving.
“The alliance remains a powerful partnership. We benefit from shared experience and expertise,” Nissan CEO Makoto Uchida said in a presentation with other executives from the alliance. Asked whether the EV spending plan was enough, given it is only around half what Germany’s Volkswagen AG plans to spend on the technology, Renault Chief Financial Officer Clotilde Delbos said it was “sufficient,” given the alliance’s past experience in making EVs.
Japan’s No. 3 carmaker plans to launch 23 electrified vehicles by 2030, including 15 pure EVs. It has also said it wants to reduce lithium-ion battery costs by 65 per cent within eight years and introduce potentially game-changing all solid-state batteries by March 2029.
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