Renault-Nissan and Mitsubishi will work together to develop joint vehicles, including an electric version as well as a sedan for North America.
The Renault-Nissan Alliance and the Mitsubishi Motors Corporation announced their joint intention to work together on shared products, technologies and manufacturing capacity.
It has been agreed by the three automakers to expand the current strategic cooperation between Nissan and Mitsubishi Motors to the broader Renault-Nissan Alliance.
It is expected that the existing Nissan-Mitsubishi joint-venture company will be extended to co-develop a new small-segment car including a specific electric version that could be sold on a global basis.
The basis for this product will be from a jointly-developed “Kei car” platform of the type popular in the Japanese domestic market.
Further details of all products, markets and manufacturing will be announced separately.
The Renault-Nissan Alliance and Mitsubishi Motors Corporation also confirmed their intention to share technologies and product assets related to electric vehicles and latest-generation platforms.
Renault and Mitsubishi explained it is firstly expected that two new sedan models would be launched under the Mitsubishi brand, based on vehicles from the Renault portfolio. Secondary and additional studies around other projects will then be considered.
The two new sedans would go as follow, per the manufacturers:
- The first sedan, to compete in the full-size D-segment markets of the United States and Canada, would be manufactured at the Renault-Samsung plant in Busan, South Korea;
- The second sedan model would compete in the global C-segment. The manufacturing location for this product is under discussion.
“Nissan and Mitsubishi Motors have jointly benefited from several collaborations in the past, most recently the successful joint-venture on Kei cars in Japan,” said Carlos Ghosn, President and CEO of the Renault-Nissan Alliance. “I welcome the direction being taken towards this broader cooperation, creating new opportunities for Renault in addition to further leveraging the productive relationship between Nissan and Mitsubishi Motors.”
Nissan and Mitsubishi Motors have an existing joint-venture company called NMKV which was established in June 2011 for the purpose of co-developing a range of Kei cars for both brands. The first of these products – the Nissan Dayz and Mitsubishi eK wagon – went on sale in Japan this year. Both products are manufactured at the Mitsubishi Mizushima plant in Japan.