Reuters exclusively reports Renault, Nissan, Mitsubishi to unveil 2030 EV plan this week; market reacts - Reuters News Agency
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Reuters exclusively reports Renault, Nissan, Mitsubishi to unveil 2030 EV plan this week; market reacts

Reuters reported exclusively that Renault SA, Nissan Motor Co and Mitsubishi Motors Corp plan to triple their investment to jointly develop electric vehicles (EVs), a mark of deepened cooperation and potentially greater cost savings for the three companies. The three are expected to announce on Thursday a plan to invest more than 20 billion euros ($23 billion) over the next five years on EV development. By 2030, the alliance is expected to come up with more than 30 new battery EVs underpinned by five common platforms, including a new platform for compact EVs designed by Renault.

Market Impact

The news sent Renault shares up by 3.5% at the start of trade.



Article Tags
Topics of Interest: AutomotiveTechnology
Type: Reuters Best
Sectors: Technology
Regions: AsiaEurope
Countries: FranceJapan
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
FILE PHOTO: The logo of the Renault-Nissan-Mitsubishi alliance is seen ahead of a Renault, Nissan and Mitsubishi chiefs' joint news conference in Yokohama, Japan, March 12, 2019. REUTERS/Kim Kyung-Hoon/File Photo
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