Renault-Nissan-Mitsubishi Alliance

LONDON, PARIS, TOKYO, YOKOHAMA (Feb. 6, 2023) - Following approval by the Boards of Directors of Renault Group and Nissan Motor Co., Ltd, Renault-Nissan-Mitsubishi Alliance today announced new initiatives to take their partnership to the next level.

A three-dimension program to maximize value creation for all Alliance stakeholders will include:
• High-value-creation operational projects in Latin America, India and Europe;
• Enhanced strategic agility with new initiatives that partners can join;
• A rebalanced Renault Group-Nissan cross-shareholding and reinforced Alliance governance.

Founded in 1999, the Renault-Nissan-Mitsubishi Alliance is the world's leading automotive partnership created to support member-company competitiveness and profitability. This unique model leverages the leadership strengths of each member company, uniting their skills, talents and technologies to streamline idea sharing, fast-track innovation, improve cost-efficiency and add value.

With $15 billion invested in R&D and Capex each year, the Alliance makes innovation a priority and covers all customer needs across all major automotive markets and geographic regions.