Members of the Renault – Nissan – Mitsubishi Alliance have announced that they will invest 23 billion euros in the next five years to develop the range of electric models. By 2030, the Alliance will have a global family of electric vehicles, made up of 35 models, built on five dedicated joint platforms. The companies also said that they are working with common partners to reduce the cost of batteries by 50% by 2026 and by 65% by 2028, according to Hotnews.ro.

Renault Group, Nissan Motor Co., Ltd. and Mitsubishi Motors Corporation, members of one of the world’s leading automotive alliances, have announced joint projects and development plans by 2030.

At the same time, the companies have decided to adopt a common strategy at Alliance level regarding batteries.

Alliance members are working with common partners to reduce the cost of batteries by 50% by 2026 and by 65% by 2028.
By 2030, the Alliance will have a total production capacity of 220 GWh batteries in its specialized plants around the world.

The alliance also aims to develop fully solid-state battery (ASSB) technology. Nissan will take the lead in this area, and the results will be available to all members of the Alliance.

ASSB batteries will have a double energy density compared to the current generation of lithium-ion batteries. Charging time will also be reduced by a third, allowing customers to travel longer distances behind the wheel of their cars.