Renault-Nissan is aiming for 14 million vehicles sold in 2022

Sep 16, 2017, 01:02
Renault-Nissan is aiming for 14 million vehicles sold in 2022

As mentioned above, the plan also calls for major expansion in electric auto technologies, alongside the development and deployment of self-driving and connectivity technologies.

As part of the plan, the carmakers aim for 10 billion euros (about $12 billion) in savings by 2022.

Even so, Ghosn said Friday that the alliance that he chairs, which now includes Mitsubishi, would be selling 14 million vehicles annually by 2022, a 33 percent increase over this year.

The 14 million figure represents a 40% increase on last year's total of 9.96 million, and exceeds the 2016 results of world's top three automakers; Volkswagen, Toyota Motor and General Motors sold 10.31 million, 10.17 million, 10 million cars, respectively.

He felt, without wanting to commit to firm targets, that "more than 20 % of sales of alliance ser [iea] nt electrified" by 2022, thus including electric, but also hybrid (fuel / electricity).

He dismissed idea of a consolidation of alliance or strengning of cross-shareholdings between its members, explaining that strategic plan would take place by " respecting identities of companies ".

Carlos Ghosn, chairman and chief executive officer of the Alliance, said, "This plan will boost the growth and profitability of our member companies".

Presenting the alliance's new strategic plan to 2022, chairman Carlos Ghosn said Renault-Nissan is targeting vehicle sales of 14 million units by that year, a rise of almost 40 percent from current levels.

The alliance also plans to benefit from enhanced economies of scale.

Sales past year were 10 million units. It aims to exceed combined sales of 14 million units, up almost 40 percent by the end of the plan. Combined financial revenues are forecast to reach $240 billion by the end of the plan, up more than 30 per cent on the $180 billion aggregate revenues achieved in 2016. This will be achieved partially by contributions from Mitsubishi Motors, specifically through deeper localisation, joint plant utilisation, common vehicle platforms, and an expanded presence in mature and emerging markets.

"Becoming an operator of robo-vehicle ride-hailing services is a major part of the new mobility services strategy", the statement added. However, it did specify that it will launch four shared platforms with the aim of producing over 9 million vehicles on them.

Under the plan, the alliance will introduce a new family of EV motor and batteries from 2020, shared across the member companies.

Nissan said its EVs would boast more than 600km of range by 2022, based on NEDC homologation methodology.