Renault-Nissan and Mitsubishi have announced plans to explore "several new projects covering shared products, technologies and manufacturing capacity."

Renault-Nissan and Mitsubishi have announced plans to explore "several new projects covering shared products, technologies and manufacturing capacity."

Building off the success of the Nissan-Mitsubishi Kei car joint-venture, the companies will share technologies and product assets related to electric vehicles and platforms. This will result in a new electric vehicle that will be based on the Kei car platform and sold globally.

Discussions are ongoing but Mitsubishi is slated to receive two sedans that are based on vehicles produced by Renault. The first model will be a full-size D-segment sedan that will be sold in North America - the United States and Canada - and built at the Renault-Samsung plant in Busan, South Korea. The second model will be a C-segment sedan that will be sold globally.

According to Renault-Nissan CEO Carlos Ghosn, "Nissan and Mitsubishi Motors have jointly benefited from several collaborations in the past, most recently the successful joint-venture on Kei cars in Japan. I welcome the direction being taken towards this broader cooperation, creating new opportunities for Renault in addition to further leveraging the productive relationship between Nissan and Mitsubishi Motors."

His sentiments were echoed by Mitsubishi President Osamu Masuko who said "Mitsubishi Motors is pleased to work again with Nissan and now Renault towards achieving further collaborations. The new opportunities could be described as evidence that the ongoing collaborative projects between Mitsubishi Motors and Nissan have brought positive results, and Mitsubishi Motors hopes that any new collaborative projects with the Renault-Nissan Alliance would bring us further merits."

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