Here’s How Nissan-Mitsubishi Alliance Will Save You Money

With Nissan now owning 34 percent of Mitsubishi, it will benefit consumers in a big way. You could save 20 percent on a new vehicle.

With the Nissan-Mitsubishi alliance in full swing, consumers can expect to see up a 20 percent savings on an electric vehicle in the near future. According to a report from Nikkei Asian Review, Nissan is planning to mass-produce a new $17,000 electric car, making it significantly cheaper than the existing Nissan LEAF. How will they do it?

Nissan, Mitsubishi and Renault will be able to benefit from major savings by sharing the same platform of the next-generation LEAF, including batteries and the same motor and inverter. It’s Nissan and Renault’s Common Module Family (CMF). It’s already producing a unique system of modular vehicle architecture and an increasing source of synergies. Now Mitsubishi will be added to the mix.

The cost savings will save consumers money on all vehicles

The new cost savings could bring new EVs from Nissan and Mitsubishi in the U.S. in line with the cost of similar, gas-powered vehicles. The alliance can not only bring an EV to market quicker and with less expense saving global car buyers money, but other vehicles from the automakers as well.

Mitsubishi already had plans to electrify their entire lineup, and now they have the ability to use technology and platforms from Nissan. There’s no word on what Mitsubishi vehicle the Nissan LEAF platform would support, but they won’t sacrifice their brand identity because all three automakers will still design their own cars.

Nissan and Mitsubishi will be able to leverage costs and keep prices down as they share platforms. The Nissan/Renault/Mitsubishi alliance will make them one of the largest automakers in the world, and it could save you money.

Photo credit: Nissan