Renault and Nissan are up against competition with Tesla for upgrading electric cars

Renault and Nissan want to be one of the first car manufacturers to sell 1m electric cars using their integrated battery, placing them next to Tesla and Volkswagen as industry leaders.

Luca de Meo, head of Renault, also said this this week at FT’s The Future of the Convention, adding that the partners were in talks to develop battery modules that are used in their electric vehicles.

It is a sign that the often-disrupted deal has finally begun to be overseen by new managers following the departure of former union chief Carlos Ghosn, who was arrested in 2018 for financial reasons.

“If we can come up with a way to make the most of the battery, this alliance will probably be the first to cross the billion-dollar limit on the same segment of the battery,” De Meo said.

Reducing the hassle and cost is important for car manufacturers as they try to reduce the price of cars, while increasing the revenue they make from sales.

For now, Renault and Nissan batteries are different, but Nissan chief operating officer Ashwani Gupta said the next generation of technicians will be “ordinary batteries” under the agreement, which also includes Mitsubishi.

“If we make a 10m car battery that has the same chemistry, the same design, the same search, it will go ahead,” he told the conference.

The alliance plan puts the teams at a distance of VW, which plans to sell 1m of electric or hybrid electric vehicles this year, though only half of them will be batteries only.

Tesla, which only sells electric vehicles, is increasing its production capacity as it approaches to supply 500,000 units last year.

Senior managers from Ford are Stellantis also warned of the cost of motor vehicles for speeding to electric vehicles at a three-day FT event.

Ford’s president in Europe, Stuart Rowley, said important cooperation was needed by the government, power companies and charging companies to better run battery-powered vehicles, and the need to lower prices so that current car buyers could buy these models.

“It should be guided by the ministry, but it should affect local governments as well as countries, corporations and industry stakeholders,” he said.

“If we are not doing well, people should keep old cars, very dirty. We cannot leave people behind. ”

There were also warnings of squeezing the white material needed to make batteries, if car manufacturers continue to lead their ambitions to make weapons.

As car manufacturers try to make weapons more randomly, Tomas Nauclér, from McKinsey, told the FT event that he expects the risk of a lack of well-maintained parts.

They anticipate a shortage of materials such as lithium, cobalt and nickel or iron ore on steel over the past decade, as new ways to reduce emissions from recycling or repairs mean that landowners struggle to produce enough to meet their growing demand.

“We’re going to see green stuff squeeze in the second half of this decade, maybe, even in the next decade,” he said. “The next five years will determine if we will see enough food coming soon.”