The Renault-Wissan-Mitsubishi Alliance Announces Their Partnership New Initiative

JAKARTA - The Renault-Nissan-Mitsubishi Alliance announced a new initiative of their partnership which at the same time breaks the issue of a recent outbreak, including Nissan's desire to withdraw from the alliance. With this new initiative, Renault-Nissan-Mitsubishi will maximize the creation of values for the alliance's interests through operational projects in Latin America, India, and Europe. In addition to the rebalance of Renault Group-Nissan's share ownership and strengthened Alliance governance, Renault Group and Nissan have signed a transaction agreement with the intention of reaching definitive agreement at the end of the first quarter of 2023, according to Renault and Nissan in this recent joint statement. The transaction referred to in this definitive agreement will be subject to a number of precessident conditions, including regulatory agreement, and settlement expected to take place in the fourth quarter of 2023, this broad-space Program paved the way for partnership renewal and strengthening over 24 years, creating a agile new spirit and exploiting pioneering technology from all three members of the Alliance. In Latin America, the Alliance considers four joint projects that include the production of a new half-ton pickup, developed by Renault Group and shared with Nissan in Argentina. A successful collaboration with the Nissan Frontier/Renault Alaska family, a one-ton pickup, will continue. The Renault Group will produce a pickup at Cordoba (Argentina) for Renault and Nissan. In Mexico, Nissan will produce a new model for the Renault Group, making it the first Renault vehicle produced there in 20 years. In addition, Nissan and Renault Group will commercially commercially commercialize two commonly accessed segment A electric vehicles, both on the basis of the CMF-AEV (Common Module Family) platform. In India, the Renky Group and Nissan will collaborate in several new vehicle projects including new SUVs owned by the Reno and Nissan Groups, and New Nissan cars derived from the Reno Triber.

While in Europe, Renault Group and Mitsubishi Motors will leverage Renault Captur and Clio's assets to develop two new vehicles with ASX and next-generationos based on the CMF-B platform. Renault Group will launch FlexEVan in the LCV market, as its first Software-Defined Vehicle starting in 2026 and sharing it with Nissan in Europe. To line up their vehicles after 2026, Nissan and Renault Group will also explore the possibility of collaboration on next-generation C segment vehicles. To ensure standard charging time, Nissan and Renault Group will continue to share technology on their European cars, including the potential use of the general architecture of 800 volts.