Nissan will introduce a brand new compact automobile that will likely be primarily based on the upcoming Twingo, the producers have introduced in a joint assertion.
The upcoming Twingo will likely be constructed on Renault’s AmpR Small platform, in any other case recognized inside Nissan because the CMF-BEV platform which underpins the 2026 Nissan Micra, itself an in depth relation of the Renault 5 EV. The Renault Group will develop and produce a by-product of the Twingo for Nissan from subsequent 12 months, whereas the upcoming mannequin will likely be designed by Nissan, the producers acknowledged.
The announcement implies that the Twingo nameplate will reside on, after the mannequin was reported in 2021 to be discontinued on the finish of its third technology, and its alternative will likely be primarily based on what can be the Renault 5 EV.
This comes as a part of a wider plan for the reorganisation of sure points of the Renault-Nissan-Mitsubishi alliance, which sees the Renault Group purchase the remaining 51% of Renault Nissan Automotive India Non-public Restricted (RNAIPL) that’s at present owned by Nissan, which is able to see the Renault Group take full possession of RNAIPL.
Each Nissan and the Renault Group will proceed to collectively function the Renault Nissan Expertise & Enterprise Heart India (RNTBCI), wherein Nissan will retain its 49% stake, and the Renault Group will retain its 51% stake, the joint assertion learn.
In the meantime, the Renault Group and Nissan have agreed to a brand new alliance settlement that sees the “lock-up endeavor” of cross-shareholding decreased to 10%, down from 15% at present. Nissan has additionally been launched from its dedication to spend money on Ampere, the Renault Group division tasked with designing and constructing future EV fashions, whereas persevering with on agreed product tasks.
“The Framework Settlement… confirms the attractiveness of our merchandise with Twingo in addition to our ambition to develop our enterprise on worldwide markets. India is a key automotive market and Renault Group will put in place an environment friendly industrial footprint and ecosystem,” mentioned Renault Group CEO Luca de Meo.
“Nissan is dedicated to preserving the worth and advantages of our strategic partnership inside the Alliance whereas implementing turnaround measures to reinforce efficiencies. Our objective is to create a extra agile and efficient enterprise mannequin that enables us to reply shortly to altering market situations and preserve money for future investments,” Nissan president and CEO Ivan Espinosa mentioned within the joint assertion.
Seeking to promote your automobile? Promote it with Carro.
