The Renault-Nissan-Mitsubishi Alliance has confirmed a €23 billion (£19bn) investment in electrification over the next five years as it seeks to strengthen the partnership between the three brands.
The money will be spent on expanding the common electric platforms available to brands within the Alliance from four to five after the introduction of a small EV platform for use from 2024 for European models such as the forthcoming Renault R5 and newly announced replacement for the Nissan Micra. Both cars will be engineered by Renault and built in its ElectriCity network of plants in northern France.
The new CMF-BEV platform was described as a “game-changer” by Renault CEO Luca de Meo, who said it reduces costs by 33% compared with the platform currently used by the Renault Zoe.
