Renault, Nissan to invest $26B in future electric vehicles
ABC News
The French-Japanese auto alliance of Renault and Nissan plans to invest 23 billion euros ($26 billion) in electric vehicle technology over the next five years
TOKYO -- The French-Japanese auto alliance of Renault and Nissan plans to invest 23 billion euros ($26 billion) in electric vehicle technology over the next five years, the companies said Thursday.
The alliance, which also includes smaller Japanese automaker Mitsubishi Motors Corp., will share research, auto parts and technology to bring down costs and produce 35 new electric vehicle models by 2030, aiming at markets around the world.
The vehicles will use one of five common platforms, the main parts on which vehicles are built.
Nissan Motor Co. will lead in developing a next-generation battery for the electric vehicles, while Renault will lead in developing electronics and software to connect millions of vehicles and provide digital services and features.
