Nissan, Renault, Mitsubishi Deepen Alliance in Electric Push

  • Group to add 12 pure EVs by 2022 sharing components, platforms
  • Ghosn sees revenue rising a third to $240 billion by same year

Nissan Motor's Corporate Vice President Joji Tagawa Announces First-quarter Earnings

Photographer: Kiyoshi Ota/Bloomberg 317748153
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Nissan Motor Co. and Renault SA, the carmaking partners that have sold the most electric vehicles to date, aren’t planning to give up that No. 1 ranking without a fight.

The alliance, which also includes Mitsubishi Motors Corp., plans to introduce 12 new purely electric vehicles by 2022 while extending the models’ range and slashing battery costs. And while the group wants more drivers to go electric, some customers won’t actually be driving -- the manufacturers plan a line-up of 40 models by then featuring various levels of automation, including at least one auto that won’t require any human intervention at all.