07:23 14-11-2025

Renault-Nissan-Mitsubishi Alliance updates production forecasts and EV plans through 2029

The Renault-Nissan-Mitsubishi Alliance has unveiled refreshed production forecasts and model plans through 2029. Following its structural overhaul, the trio is still reshaping itself for a shifting global market, revisiting shareholdings, assigning local leadership roles, and moving toward a project-based development model. Renault trimmed its stake in Nissan to 15%, after which both sides agreed to lower their minimum required holdings to 10%.

Financial results for 2024–2025 came in softer than anticipated. Mitsubishi reported a 27% drop in operating profit, Nissan said its loss widened ninefold, while Renault delivered moderate operating-income growth on the back of a stronger product mix. The contrast underscores how uneven momentum is across the alliance.

Sales also declined: Nissan’s retail volume fell to 3.35 million vehicles, and MMC slipped to 842,000. Renault moved in the opposite direction, lifting deliveries to 2.264 million. Even so, Renault’s EV share over the first nine months of 2025 reached only 12.3%, a reminder that mainstream adoption still hinges on pricing, infrastructure, and compelling product cadence.

Model plans are being rebalanced as EV demand cools, particularly in the United States. Renault has adopted a dual-track strategy that keeps internal-combustion and hybrid options in the mix, while Nissan has shelved several BEV projects. At the same time, fresh arrivals—among them updated Twingo, Micra, and Infiniti QX65—are expected to lift production by more than 8% in 2026. It looks less like a retreat from electrification and more like a recalibration of pace and priorities.

According to Automotive World, the alliance’s output will sink to a new low in 2025—below six million vehicles. By 2029, volumes could climb to 7.09 million units, yet still remain well short of the historic high of 10 million.