These platforms will be used to launch 35 EVs by 2030. Nissan CEO, Makoto Uchida said that the three companies have a strong partnership. This gives the advantage of each other’s experience and expertise. These three automobile companies are getting tough competition from the big companies that make cars. These companies also include Toyota Motor, which plans to invest $ 70 billion (about Rs 5,25,900 crore) to convert its portfolio to electric. American electric car maker Tesla is the biggest rival for all these companies. Tesla expects deliveries of electric vehicles to grow by more than 50 percent this year.
There is a cross-sharing partnership between Renault, Nissan and Mitsubishi Motors. In this, Renault holds a 43.4 percent stake in Nissan, and Nissan holds a 15 percent non-voting stake in Renault and a one-third stake in Mitsubishi Motors.
Tesla delivered a record number of electric vehicles in the last quarter of last year. The company delivered 9,36,172 electric cars and crossovers to customers worldwide last year, its highest ever total sales volume. Tesla’s plants in Fremont and California and Shanghai in China produced 3,05,840 units in the last quarter of last year and 9,30,422 units for the full year. Although the company missed out on delivering one million vehicles last year, Tesla CEO, Elon Musk, believes that the company can reach annual sales of 20 million electric vehicles by the end of this decade. This will be a huge figure as the world’s automobile companies, including Toyota and Volkswagen, have sales of around 10 million units.<!–
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