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Renault-Nissan alliance plans €23bn investment in electric cars

Carmakers to produce 35 new models by the end of the decade

Renault, Nissan and Mitsubishi have unveiled a €23bn electric car plan that will produce dozens of new battery-powered models and deepen collaboration between the members of the alliance.

The groups will produce 35 new models of electric car by the end of the decade, split across five production systems that are shared between the companies.

The strategy aims to knit closer ties between the three carmakers and heal tensions that have riven the alliance since the 2018 arrest of Carlos Ghosn, who held the French-Japanese grouping together for close to two decades.

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