Renault, Nissan And Mitsubishi alliance announced new initiatives to take their partnership to the next level. big plans announced.
According to the company statement, a three-dimensional program will be conducted to maximize value creation for all Alliance stakeholders:
- -In Europe, Latin America and India high value operational projects execution
- -New business partners can join enhanced strategic agility with initiatives providing
- -Rebalanced Group Renault-Nissan mutual shareholding and strengthened Alliance management plan
Detailed explanations from the trio on this subject were as follows: “The Renault Group and Nissan have signed a binding framework agreement on the above-mentioned transactions to reach final agreement by the end of the first quarter of 2023. Details of the binding framework agreement were announced at a meeting of all partners held in London. The new Alliance agreement will enter into force for an initial period of 15 years. The plans envisioned in these definitive agreements will be subject to a limited number of precedent conditions, including regulatory approvals, and the plan is expected to be completed in the fourth quarter of 2023. This far-reaching program will renew and strengthen the 24-year partnership, leveraging the leading technologies of the three Alliance members, creating a new and agile spirit. This will create further growth opportunities, paving the way for each alliance company to secure their operating efficiencies to innovate and transform in the rapidly changing market.
One year after setting the Alliance roadmap for 2030, companies are offering alliance members in Europe, Latin America and India; He explained that they are evaluating new key projects aimed at delivering large-scale and actionable benefits, in terms of market, tools and technology. Each company will benefit from these value-creating projects in the medium term, while also reaping short-term benefits through both cost sharing and cost avoidance.
Europe
- The Renault Group will launch the FlexEVan for the light commercial vehicle market as the first Software Defined Vehicle from 2026 and will share it with Nissan in Europe.
- -Nissan and Renault Group will also explore possible collaborations for the next generation C-segment electric vehicles for the product range after 2026. Nissan and Groupe Renault will continue to share technology in European models for leading charge times (including potential use of the common 800 volt architecture).
- Renault Group and Mitsubishi Motors will leverage Renault Captur and Clio to develop the next-generation ASX and Colt and 2 new vehicles using the CMF-B platform.
- These initiatives will build on existing plans, including plans for future Nissan compact electric vehicle (B-segment) vehicles based on the CMF-BEV platform, which will be produced at Groupe Renault’s ElectriCity facility in France from 2026.
Latin America
- -A new half-tonne pick-up developed by the Renault Group and shared with Nissan in Argentina.
- -One-ton pick-up Nissan Frontier/Renault Alaskan cooperation will continue. Groupe Renault will produce the pick-up models for both Renault and Nissan in Cordoba (Argentina).
- -Nissan will produce a new model for the Renault Group in Mexico. This will be the first Renault vehicle produced in Mexico in 20 years.
- In addition, Nissan and Groupe Renault will commercialize the A-segment electric vehicle, both based on the CMF-AEV (Common Module Family) platform.
India
- It will collaborate on several new vehicle projects for India and export, including new SUV models shared by both the Renault Group and Nissan, and the new Nissan model derived from Renault Triber.
- -Nissan and Groupe Renault are also considering joint A-segment electric vehicle planning, as in Latin America.
Apart from vehicles: Distribution, After Sales, Charging Infrastructure and Battery Cooperation
The scope of the collaboration is planned in Europe to cover the life cycle from distribution to use, recycling and end-of-life.
- -Distribution, Aftermarket and Sales Financing: Groupe Renault, Nissan and Mitsubishi Motors are also working on joint opportunities in terms of distribution network to support and increase dealer profitability to reduce costs:
- By increasing the number of joint sales points in key markets.
- It will benefit from the strength of Mobilize Financial Services in Europe by developing joint strategies on Used Cars, After Sales and Sales Financing.
- -Electric vehicle (EV) charging infrastructure: Group Renault and Nissan have installed the charging infrastructure () at both Groupe Renault and Nissan dealerships in Europe.[email protected]) plans to establish jointly.
The Circular Economy: Group Renault and Nissan plan to choose joint battery recycling partners for end-of-life batteries and production residues.
Enhanced strategic agility with new initiatives that partners can participate in
In the second area of enhanced cooperation, the three Alliance companies agreed to reassess their current strategies in electrification and low-emission vehicle technologies by investing and collaborating on relevant member company projects that can add value to each business.
These strategic initiatives Nissan Ambition 2030 and Renault It is designed to complement the business plans of member companies, including Every business takes advantage of partnership and investment opportunities to achieve its own targets for sustainable growth and decarbonisation.
The areas of collaboration addressed include:
- -Nissan’s aim is to invest up to 15% in Ampere, Groupe Renault’s electric vehicle and software company in Europe, as a strategic investor. With this planned investment in Ampere, Nissan will develop and accelerate new business opportunities for Nissan in Europe.
- -Mitsubishi Motors will consider investing in Ampere.
- -Nissan and Mitsubishi Motors will be customers of Groupe Renault’s Horse project, which envisions greater scale and market coverage for low-emission internal combustion engine (ICE) and hybrid power-train systems.
These initiatives will complement ongoing technology collaborations such as All Solid State Battery (ASSB), Software Defined Vehicle (SDV) and Advanced Driver Assistance Systems (ADAS) and autonomous driving.
Rebalanced Groupe Renault-Nissan mutual shareholding and strengthened Alliance management
Each Alliance member, while carrying out their own business plans, attaches importance to introducing mutual shareholding structure and management conditions that are in line with the objectives of the new Alliance. The founding members of the alliance, Groupe Renault and Nissan, agreed to rebalance the terms of mutual ownership and management to ensure efficiency and maximize value creation. The agreement in a binding framework defines the principles of a new management plan and the rebalancing of mutual shareholdings between Groupe Renault and Nissan. two companies, [31 Mart 2023’e kadar] plans to sign a new Alliance agreement and replace existing agreements governing the Alliance.
Rebalanced the mutual distribution of shares between Groupe Renault and Nissan for future cooperation
- -Nissan and Renault-Group will have a mutual 15% stake with lock-in and retention obligation.
- Renault Group will transfer 28.4% of Nissan shares to a French Trust.
- -After the transfer of 28.4% of Nissan shares to the Trust, Nissan will be able to exercise its voting rights at the rate of its shares in the Renault-Group.
- -The voting rights of the Renault-Group and Nissan will be limited to 15% of the available voting rights, and both companies can freely exercise their voting rights within this limit.
- -The Renault-Group may instruct the trustee to sell the shares of Nissan entrusted to it if it is commercially reasonable for the Renault-Group, but will have no obligation to sell the shares within a predetermined period.
- -The Renault-Group will be flexible in selling Nissan shares held in escrow in a coordinated and orderly manner with Nissan, during which time Nissan will take advantage of an initial bid for itself or for the benefit of a designated third party.
Voting rights and management
- – Subject to the new regulations, the management agreement regarding the shareholding in Groupe Renault, signed on February 4, 2016 between the Renault Group and the French State, will be terminated. This will enable the French State to freely exercise all voting rights in the Renault-Group.
- Renault Group will have the right to nominate two representatives on Nissan’s board of directors, and Nissan will have the right to nominate two representatives on the Renault Group Board.
- The Alliance Operating Board will remain the coordination forum for Renault-Group, Nissan and Mitsubishi Motors.”