This is a new stage in the tormented life of the Renault-Nissan-Mitsubishi alliance. At the very least the expression of a desire to reassure about the sustainability of this strengthened partnership, born in 1999, but undermined in particular from 2018 by the Carlos Ghosn affair: the arrest of the flamboyant boss in Japan then his conviction and his escape.
Yes, the three partners fully intend to continue to cooperate. But no more synergy for synergy’s sake. The allies now work “in a project logic”, when the interest of the parties justifies it, as explained on Wednesday, December 5, during a press conference in Boulogne-Billancourt (Hauts-de-Seine). ) Jean-Dominique Sénard, at the head of the Alliance.
Ampere en bourse en 2024 ?
The most telling example is undoubtedly that of Ampere: Nissan and Mitsubishi confirm their intention to participate respectively to the tune of 600 million euros and 200 million euros in the new Renault entity, dedicated to electric mobility. Its IPO could take place next year, when and if market conditions are right, as clarified by Luca de Meo, the boss of the diamond brand.
Ampere will notably develop a new compact vehicle in Europe. Mitsubishi will also entrust this structure with the development and production, in Europe, of a future fully electric C-segment SUV.
On the Nissan side, CEO Makoto Uchida justified his desire to become “a strategic investor” in Ampere. This includes benefiting from innovations in software and connectivity. “Standards differ region by region and it is not possible to develop electric vehicles alone around the world,” he stressed.
The Japanese manufacturer also plans to take a stake in Renault’s circular economy activity, called The Future is neutral (car reconditioning, battery recycling, etc.). An entity which should also benefit from the experience of “one or two major players in chemicals”, said Renault boss Luca de Meo.
Nissan will also be customers of Horse, the Renault entity dedicated to thermal vehicles, which will supply it with gearboxes and engines. Horse which will also be a supplier to Mitsubishi.
The three partners will continue to join forces to conquer certain markets such as India. Proof that they intend to cooperate to minimize costs: in a proportion of 60%, expected to grow, Renault, Nissan and Mitsubishi will build their cars from common platforms (chassis and other invisible parts).
A remarriage that looks like a divorce
Last February, the three manufacturers announced a rebalancing of the Alliance, with a cross-shareholding of 15%, while Renault previously held 43.4% of Nissan’s capital. A new Alliance, less cumbersome, more agile, more operational, which came into force on November 1, and which some may have interpreted as a form of divorce.