Hyperdrive
Renault, Nissan Reboot Embattled Pact With $26 Billion EV Plan
- Alliance to roll out 35 models from common platforms by 2030
- Carmakers have lost ground after early lead in electric cars
Nissan and Renault have already agreed supply deals with Envision.
Photographer: Ian Forsyth/BloombergThis article is for subscribers only.
Renault SA and Nissan Motor Co. outlined a 23 billion euro ($26 billion) electrification plan that will deepen ties within the struggling Franco-Japanese alliance as competition intensifies.
The funds, announced separately by the carmakers last year, will be spent over five years to roll out 35 new battery-powered cars by the end of the decade across five common manufacturing platforms, the companies said Thursday. The move is a major departure from the Renault Zoe and Nissan Leaf electric cars that were developed and built separately.