Renault Nissan, New Alliance Balanced

Writing /Meng Wei

edit /Zhang Nan
Design /Teacher's super

source / Autonews、Financial Times

After 10 months of negotiations, a new alliance was finally reached.

On July 26, Renault and Nissan announced that they had rebalanced their partnership and would complete the final agreement in the fourth quarter of 2023. According to the information disclosed earlier, the new agreement will extend the cooperation between the two sides for 15 years.

Both enterprises said that "looking ahead from the past", the alliance entered a new chapter.

As part of the agreement, Nissan agreed to invest 600 million euros in Ampere, Renault's electric vehicle company, which is about to be split and listed independently, to become its strategic investor and occupy a seat on the board of directors.

On the cross shareholdings that the two sides had previously disputed, the two enterprises agreed to hold 15% of each other's equity and voting rights.

Among them, Renault, which previously had a controlling interest in Nissan with 43% of its shares, transferred 28.4% of its shares to a French trust company, which would vote neutral in the voting on Nissan's affairs and could sell its shares if it was beneficial to Renault. Nissan will keep 15% of Renault's shares and obtain the same voting rights.

As another member of the alliance, whether Mitsubishi will invest in Ampere in the future is still under discussion.

Union President Jean Dominique· Senna （ parameter | picture ）Jean Dominique Senard said in a joint statement: "The agreement signed today enables us to enter the next chapter of the alliance. It strengthens our long-term partnership and will maximize the value for each member of the alliance. It also lays the foundation for new balanced, fair and effective governance."

Alliance accelerates global business

Luca de Meo, CEO of Renault, believes that the restructured alliance may release hundreds of millions of euros of value from the tripartite cooperation between Renault, Nissan and Mitsubishi Motors.

"We all participate in it with the right attitude, and welcome Nissan to become a strong partner of Ampere, our upcoming electric vehicle and software service company. Nissan's investment confirms the attractiveness of the project's leading position in Europe, enabling Renault and its alliance partners to lead the starting pattern of the European electric vehicle and software competition." Luca de Mayo said.

Renault and Nissan, which have consolidated Europe and "look ahead in concert", have also been able to accelerate the promotion of a series of cooperation agreements reached between the two sides in February this year.

‍

As early as February this year, the two sides had discussed new projects in Latin America, India and Europe on the basis of "Alliance 2030", aiming to bring mutual benefit, win-win results, scale and practical benefits to alliance members from three aspects of market, vehicles and technology based on existing inputs.

Among them, in the Latin American market, the Alliance is considering four projects, including Renault developing a new half ton pickup truck model to import into the Argentine market, Nissan will produce a new model for Renault in its factory in Mexico, Nissan and Renault will share the commercialization of two A-class electric vehicles, and both models will be built based on the CMF-A EV platform;

In the Indian market, Renault and Nissan will cooperate on a number of new car projects such as the new SUV shared by both parties and the new Nissan model derived from Renault Triber, and plan to launch a shared A-class electric vehicle locally;

In Europe, Renault and Mitsubishi will build new Mitsubishi ASX and Mitsubishi Colt models through CMF-B platform based on Renault Capture and Renault Clio models. At the same time, Renault will launch the first software defined vehicle, FlexEVAn, in 2026 to supply the European market of Nissan.

For products after 2026, Nissan and Renault will explore cooperation opportunities in the next generation of C-class electric vehicles, and will continue to share the technology of European models, including the possible use of the generic 800V high-voltage platform architecture.

In addition, from 2026, the Renault Electric Vehicle Manufacturing Center in France will produce Nissan brand compact B-class electric vehicles based on the CMF-B EV platform.

In addition to vehicle models, alliance members will also cooperate in distribution, after-sales, charging infrastructure and batteries. For example, in Europe, the cooperation scope of EU members will not only be limited to the models themselves, but also cover the whole life cycle of distribution, vehicle use, recycling and vehicle scrapping; In order to support and improve the profitability of dealers and reduce their costs, members of the Alliance will increase the number of dealers selling vehicles owned by the Alliance in the main markets; Renault and Nissan are considering jointly deploying charging infrastructure in the European market and their European dealers.

With the new alliance reached, the above cooperation projects will be more effectively promoted.

Nissan frees its hand to focus on North America and China

For Nissan, while cooperating with Renault in a series of global projects, investing in Ampere will also benefit it in Europe's electrification.

Makoto Uchida, CEO of Nissan, said, "Investing in Amper complements and strengthens Nissan's continuous power product launch in Europe, and will bring about many synergies, including cost-effectiveness, regulatory compliance, and a broader range of electric vehicle products and powertrain."

This will also allow Nissan to spare more energy to focus on operations in North America and China.

Previously, Nissan announced that by 2030, its sales of pure electric vehicles will account for 40% of the total sales of the U.S. Nissan market.

As part of the electrification strategy of the main markets in North America, Nissan will invest 250 million dollars to expand the production of powertrain in a factory in Tennessee, the United States, and plans to start producing four electric vehicles in Canton, Mississippi, in 2026.

In China, in the face of fierce market competition, especially the rapid increase in the penetration rate of the new energy market, the sales volume of Nissan vehicles in the first quarter of 2023 decreased by 36.8%, while in the second quarter it decreased by 9.8%.

As a joint venture of Nissan in China, Dongfeng Nissan once again expressed its goal and determination of "fighting for new energy with all strength" at its twentieth anniversary celebration.

‍

In terms of technical upgrading, Dongfeng Nissan will continue to maintain and broaden its multi track technical route, and promote the upgrading and iteration of intelligent driving, intelligent power and intelligent interconnection technology with five technologies: pure electric, super hybrid e-POWER, plug-in hybrid, hydrogen fuel and fuel power.

In terms of products, Dongfeng Nissan plans to accelerate the introduction of electric drive vehicles in the future.

Among them, Nissan brand will launch 7 electric drive models by 2026, and 80% of its product lines will be electric drive by 2030. The Infiniti brand, which has returned to the Dongfeng Nissan system, will also actively accelerate the layout of electrified products and contribute to Dongfeng Nissan's fight against the Chinese luxury car market.

Qichen brand launches at least two new new energy models every year, shouldering the responsibility of transformation of "Dongfeng Nissan New Energy".

The plug-in that came into the market not long ago Qichen V DD-i super hybrid is the initial implementation of this plan.

In the future, Qichen brand will also realize the technology landing of a new pure electric platform in 2023, and launch the upgrade of a new CTC pure electric platform in 2028. The whole system will be equipped with new technology batteries, a new N-in-1 highly integrated electric drive, and the upgrade of a full dimensional intelligent cabin ecosystem, using a new generation of electronic and electrical architecture.

Qichen brand will form a system capable of selling 300000 sets annually, and gradually challenge the goal of selling 500000 sets annually, becoming the second growth curve of Dongfeng Nissan.

Join Xuanyuan School to become a new Autobots

Julang Class - Top Industrial Chain Innovation Course

Lingxuan Class - Top Supply Chain Innovation Course

Jinxuan Class - Top Marketing Innovation Course

Xuanyuan School and Lyon Business School jointly create courses