Business / Corporate

Mitsubishi Motors to provide plug-in hybrid technology to Renault

Kyodo

Mitsubishi Motors Corp. will provide its plug-in hybrid technology to Renault SA as part of their three-way alliance with Nissan Motor Co., a source said Wednesday.

Renault will install the technology in a new sport utility vehicle model to be launched in 2021, as it expects customers in Europe to continue to shift from diesel to cleaner vehicles, the source said.

Mitsubishi Motors, a leading maker of electric vehicles, is looking to strengthen the development of EV technologies in response to stricter emissions regulations worldwide.

The Japanese automaker, which joined the Nissan-Renault alliance in 2016, rolled out the i-MiEV minicar in 2009 as the world’s first mass-produced electric vehicle. The company has also launched a plug-in hybrid version of the Outlander SUV.

A plug-in hybrid vehicle runs on electricity for short distances and gasoline for longer journeys or when electricity starts to run low.

Mitsubishi Motors is hoping the advanced technology will help it get back on its feet after it was caught cheating on fuel-efficiency figures for its vehicles in 2016.

Under the alliance, Renault holds a 43.4 percent stake in Nissan, while the Japanese automaker owns a 15 percent stake in Renault and 34 percent in Mitsubishi Motors.

The three companies aim to introduce 12 new electric vehicle models by 2022.

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