Renault and Nissan will work more closely together to make electric cars, setting out plans to invest $26 billion over the next five years
"We are not a second division player when we come together," Renault CEO Luca de Meo said during the presentation.To power the new EVs, the partners said they planned to secure 220 gigawatt hours of battery production capacity by 2030, providing greater scale that would allow them to halve battery costs by 2026 and reduce them by 65% by 2028. They did not give details on how the capacity would be secured.
Nissan said on Thursday it planned to replace its Micra car in Europe with a new EV using one of the common platforms.
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