Posts Tagged ‘Alliance 2022’

Why Has Alliance Ventures Slowed Down?

Wednesday, March 11th, 2020
miami-mitsubishi-alliance-ventures-shutdown

miami-mitsubishi-alliance-ventures-shutdown

Last week, we were joking but also praising how much Mitsubishi Motors has done for the Renault-Nissan-Mitsubishi Alliance in recent years. One would think it’s the main contributor to future development, and with a sudden change in the Alliance Ventures funding campaign, Mitsubishi may grab more of the spotlight. For those that don’t follow news about the Alliance, the Alliance announced in February that new plans were taking shape and the future of Alliance 2022, the six-year plan for the Alliance, will be announced in May. The Alliance Ventures funding campaign is a $1 billion investment plan to be used to start partnerships with various start-ups. The latest news has Nissan backing out the campaign.

As far as anyone knows, Nissan is still alive and well part of the Renault-Nissan-Mitsubishi Alliance. In late January 2020, Nissan announced the development of a new cross-brand EV platform that could be used by either brand for various types of vehicles. However, investments via the Alliance Ventures campaign has slowed down to a crawl and might just be dead. At first, investments were being made like clockwork, with six investments made in 2018 focusing largely on robotaxi startups, as well as artificial intelligence and autonomous vehicles. The latest investment was with The Mobility House, and that one will mainly benefit Mitsubishi Motors.

With the 2020 Geneva International Motor show cancelled, we still have the great showcase Mitsubishi Motors and Mitsubishi Electric had in store with the new Dendo Drive House. The Dendo Drive House (DDH) was a product of the clean-energy project Mitsubishi Motors put together with Hitachi Europe Ltd. and ENGIE. Using a system of solar panels around the housed, energy is converted and stored in a house battery, and then excess energy can be stored in a plug-in hybrid electric vehicle (PHEV) to be used as a spare battery. In essence, the goal is to reduce the need for energy not only through the power grid, but to also use renewable energy. The Mobility House has a similar goal, working towards a zero-emission energy network where PHEVs and electric vehicles are actually plugged into the power grid to be used as mobile energy sources.

That’s all great and all, but what’s this about Nissan dropping out? According to Reuters, Nissan insiders have been talking about Nissan making a decision to leave the funding campaign to cut costs. It seems the automaker is dealing with its own unforeseen circumstances with the latest virus outbreak. Pulling out of the campaign may sound dramatic, but from the beginning, Alliance Ventures was supposed to gather $200 million a year in total from the three partners, but if Nissan is losing profits, then the automaker can’t put it is share. With only one or two investments in 2019, it doesn’t seem like that goal has been met since the campaign started.

How will this affect the plans to make a big announcement about Alliance 2022 in May? It’s unclear. Although Alliance 2022 and Alliance Ventures are linked, the two are also independent of one another. Just like with the new EV platform coming from Nissan, each automaker is set up to be in charge of two pillars and will share its technology with the other partner. Alliance Ventures is a failing funding campaign, but the investments made thus far were smart choices that can lead to greater things for the Renault-Nissan-Mitsubishi Alliance. Follow along with all the news when you follow us on Miami Lakes Mitsubishi social media.

Photo Source/Copyright: Photo by Shopify Partners from Burst

New Business Plans to be Announced by Renault-Nissan-Mitsubishi Alliance

Friday, February 7th, 2020
miami-lakes-mitsubishi-renault-nissan-mitsubishi-business-plans

miami-lakes-mitsubishi-renault-nissan-mitsubishi-business-plans

Ever since the Renault-Nissan-Mitsubishi Alliance was formed in 2017, and later announced Alliance 2022 and its six-year plan, there hasn’t been a lot of word on what is going on. Yes, we hear about the occasional investment the Alliance makes through Alliance 2022, a $1 billion fundraising campaign started to help develop new startups and entrepreneurs in technology for self-driving robotaxis, car sharing networks, new EV batteries, and new forms of EV charging. Aside from that, there hasn’t been much talk about plans for 2022, two years away. When we take a look at the past few years, progress has slowly been building, and after a meeting between the top leaders of each automaker, the three agreed to share new medium-term business plans around May 2020.

This is great news! Assuming the six-year plan started in 2018 (although it’s more like five years if it ends in 2022), the Alliance is at the halfway point and thus has new plans to put into play at the halfway point. Nissan Motor Co., Renault SA, and Mitsubishi Motors Corp. (MMC) have all agreed to share their respective new medium-term business plans following an agreement at a meeting held between the top leaders of the three-way automotive alliance at Nissan’s headquarters in Yokohama, Kanagawa Prefecture, south of Tokyo. Nissan President Makoto Uchida had this to say –

“Under the plans, one with the greatest competitiveness will lead the other two in each category, such as compact cars and electric vehicles.”

Simply put, the Alliance is turning into a triangle of sorts. One automaker with success and already proving to be a competitive name in the industry will share technology and success with the other two so that they may also be successful while still remaining competitive internally as well as externally. This is abundantly clear with Mitsubishi Motors, initially slated to be in charge of plug-in hybrid electric vehicle (PHEV) development. We could say the automaker is already well on its way with concepts like the Mitsubishi Engelberg Tourer at the 2019 Geneva International Motor Show, or the Mi-TECH concept at the 2019 Tokyo Motor Show, a plug-in hybrid electric engine that replaces the need for an internal combustion engine with a lightweight, compact gas turbine engine-generator powerful enough to drive a small SUV, and able to be powered by various fuel sources, including diesel, kerosene, and alcohol.

When it came to electric vehicle technology, Mitsubishi Motors had okay success with the i-MieV, but the Nissan Leaf has been a success story for all-electric vehicles and Nissan. As luck would have it, Nissan also recently announced the development of a new cross-brand EV platform that will not only be available to all three automakers for future all-electric and battery-electric vehicles, but will also be flexible. This means that the new platform can be utilized by either automaker, and changed based on the size, style, and purpose of its intended use, and most likely different powertrains as well.

Could we see an electric Mitsubishi Mirage? The next-gen Mitsubishi Mirage is supposed to be based on the Nissan Juke, and if electric vehicles and compact cars are on the docket for mid-term business plans, is it really such a farfetched idea? We don’t think so. Tell us your thoughts. Join the discussion about the promising new business plans on Miami Lakes Mitsubishi social media.

Photo Source/Copyright: nippon.com

The Future of Mitsubishi Motors is Its Heritage

Tuesday, March 26th, 2019
miami-lakes-mitsubishi-future-e-volution

miami-lakes-mitsubishi-future-e-volution

The race is on – but was it ever really off? Automakers on a global scale are in competition to make the next best vehicle to dominate the auto market. With alternative fuel vehicles on the rise, many of the concepts we’re starting to see are plug-in hybrids and electric vehicles. 2019 Geneva Motor show had more than its fair share of plug-in hybrid electric vehicles, like the Mitsubishi Engelberg Tourer, and in that regard, Mitsubishi went a step further with the eco-friendly Dendo Drive House. Another automaker at the Geneva International Motor Show, that always seems to be on the same wavelength as Mitsubishi is Kia Motors, with their Imagine by Kia preview of what’s to come. It would seem that Mitsubishi Motors is doing the same.

Take a look at the collection of new vehicles and concepts that have come from Mitsubishi Motors in previous years. Going all the way back to the Eclipse Cross, there was a change. The last in-house vehicle before becoming a part of the Renault-Nissan Alliance, the Eclipse Cross was the stepping stone for the future of Mitsubishi Motors. On the one hand, they’re now one-third of the Renault-Nissan-Mitsubishi Alliance, currently hitting the electric vehicle market with gusto. The Alliance has many plans for alternative fuel and autonomous technology, much of which is discussed in its Alliance 2022 Six-Year Plan.

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Renault-Nissan-Mitsubishi Alliance Makes Another Smart Investment

Monday, November 19th, 2018
Miami Lakes Automall Mitsubishi Alliance Enevate Investment

Miami Lakes Automall Mitsubishi Alliance Enevate Investment

The four-year plan for the Renault-Nissan-Mitsubishi Alliance is well underway with Alliance 2022 and the current funding campaign, Alliance Ventures. Earlier in 2018, the alliance made five investments in several companies and startups that shared similar interests with their Alliance 2022 plan. Recently, the alliance has used Alliance Ventures to invest in a sixth company that’s going to change the way consumers view electric vehicles.

Enevate

One of the largest reasons consumers shy away from alternative fuel vehicles like plug-in electric hybrids (PHEVs) and especially electric vehicles (EVs), is the fear that they will be stranded if the battery powering the motor runs out of juice. Luckily, unless irresponsible, consumers can find an electric charging station nearly anywhere with the PlugShare app, and electric vehicle charging stations in Miami, Florida are becoming increasingly popular. But that’s sometimes the second reason consumers are wary – needing to plug in somewhere for two hours or more is a bit of a buzz kill.

That’s where Enevate is providing a solution. With their advanced lithium-ion (Li-ion) battery technology, this startup company based in Irvine, California is going to change the way people recharge PHEVs and EVs. By using what they call HD-Energy Technology, Enevate has achieved a far superior version of fast charging via high energy density.

The HD-Energy Technology has already been able to offer the following benefits:

– A 75-percent increase in charging rates, down to five minutes

– High energy density charging for EVs that have a long driving range

– Able to be utilized in warm and cold climates, as low as -40 degrees F

– The cost is lower than EV charging today

– It’s safer

“We share the common goal of making electric vehicles easier to use and adopt in mass markets. We look forward to our strategic partnership with Renault-Nissan-Mitsubishi, as they are a global leader in electric vehicles and they understand the market needs of EV consumers worldwide.” – Enevate President and CEO Robert A. Rango

With all these benefits, and the funding from Renault-Nissan-Mitsubishi, Enevate is almost ready to start producing their technology in high volumes. The Renault-Nissan-Mitsubishi Alliance isn’t the only company to invest in Enevate, either. LG Chem, another high-profile investor, showed interest in the technology in October 2018. Now, automotive manufacturers and suppliers worldwide just need to adopt the next-generation features that PHEVs and EVs can offer, and Enevate can take alternative fuel vehicles to the next level.

Last Five Investments

Alliance Ventures has made five investments in 2018 to benefit Alliance 2022 and future concepts for the alliance auto brands. In the U.S., the Renault-Nissan-Mitsubishi Alliance invested in Ionic Materials, a firm currently developing solid-state cobalt-free battery materials for hybrids and plug-in hybrids to provide automakers cheaper ways to make high quality alternative fuel vehicles. One of the first investments though were in many robotaxi startups – artificial intelligence and autonomous vehicles are the main focus of Alliance Ventures.

The funding campaign was also used to invest in the DiDi Auto Alliance intelligent-ride sharing and autonomous technology conglomerate in China, in exchange for access to auto leasing and sales, auto finance, auto service, fleet operation, and car-sharing solutions. Another company based in China, Sinovation Ventures, is focused on developing artificial intelligence and has been backed by Jaguar, Land Rover, and Valeo. With Alliance 2022 dealing with autonomous and artificial intelligence as the main two focuses of future car concepts, it makes sense for the Renault-Nissan-Mitsubishi Alliance to also make these investments.

Curious to find out what’s next for the alliance? Follow Miami Lakes Mitsubishi on social media and join the discussion online.

Photo Source/Copyright: Enevate

Revival of the Mitsubishi Triton Spied

Wednesday, September 5th, 2018
Miami Lakes Automall 2019 Mitsubishi Triton Front Spy Shot

Miami Lakes Automall 2019 Mitsubishi Triton Front Spy Shot

It’s been some time since we’ve heard Mitsubishi Motors discuss the return of their pickup truck line. The revival of the good ol’ Mitsubishi Triton was sort of teased when TopGear modified the L200 into a desert-capable truck, but that was the highlight of hints. Well, although we hate the paparazzi, we can’t help but love spy photos. In this round, a couple of spies grabbed shots of the Mitsubishi L200 pickup truck, the Triton, but with a bit of a facelift.

Double-cab prototypes of the Mitsubishi pickup truck revival were spotted recently with huge design changes. Compared to the picture of the Mitsubishi Triton above, the new design looks meaner and more aggressive than the common day pickup. Mitsubishi is aiming for a performance-based crossover for the new Mitsubishi Lancer crossover, but who’s to say a high-performance truck can’t also be in the cards?

The front fascia has been completely changed with a new take on the honeycomb-grille, thin headlights, and another set of lights below, most likely running day lights, in each corner above the front bumper. From the front or the side, the new truck looks pretty rugged overall, but not as bulky as its predecessor. The new truck is also looking bigger, and seeing as how this prototype is just starting the testing phase, there may not be any release dates until 2020 or more like 2022 with the Alliance 2022 six year plan in action.

2022 means more modern tech. With recent Mitsubishi Motors vehicles like the Mitsubishi Eclipse Cross that have a smartphone link display system, we can expect to see similar or the same tech in the new Mitsubishi Triton, along with upgrades like Bluetooth or voice control systems and other on-board tech. We’ll also see some safety, maybe some of the new tech popping up in trucks today like trailer stability assist, sway control, maybe even a truck bed rear view camera so drivers can keep an eye on their cargo load.

Miami Lakes Automall 2019 Mitsubishi Triton Side Spy Shot

In terms of performance, it’s a little too early to tell what kind of powertrain will be installed into the Mitsubishi pickup truck. Currently, the towing capacity goes up to 7,716 pounds, so to bring that up, Mitsubishi Motors may need to reach higher than a turbocharged 2.5-liter engine. A four-wheel drive system would also be a good addition with Mitsubishi Motors all-wheel control or super all-wheel control for handling all types of terrain.

Truth is, with spy shots of prototypes, anything can happen over the next few years. The good news is, once the new Mitsubishi L200/Triton pickup truck does hit the market, it’s planned to go global. Can it handle the competition from the likes of the Ford Ranger and Nissan Navara, though? Come 2022, we should know and so will you. Keep up to date with news on Mitsubishi Motors by following Miami Lakes Mitsubishi social media. Or check out the Mitsubishi Eclipse Cross for an idea of some of the new technology Mitsubishi Motors is putting into vehicles today.

Photo Source/Copyright: YouTube.com and Mitsubishi

Alliance 2022 Six-Year Plan Already on the Move

Wednesday, August 8th, 2018
Miami Lakes Automall Alliance 2022 Outlander PHEV

Miami Lakes Automall Alliance 2022 Outlander PHEV

The Renault-Nissan-Mitsubishi Alliance has been gaining traction as of late, and with their six-year plan, Alliance 2022, the alliance already has plenty going for them. Although Mitsubishi is focused on crossovers and SUVs at the moment, their Outlander PHEV, the plug-in hybrid crossover is one of their most popular vehicles, and is helping to cement a foothold for the alliance as the upswing of hybrid and alternative fuel vehicles gains momentum. Current sales in Europe, and sales projections are showing signs that this is the time to hit the auto market hard and capitalize on hybrids, plug-in hybrids, and electric vehicles (EVs).

Lighting Up Europe

Sales in Europe have been going well for Renault-Nissan-Mitsubishi, with a total unit sales increase of 5.1-percent, putting the alliance at a grand total of 5,538,530 vehicles in the first-half of the year that’s a new record! In addition, there’s a growing demand in Europe for all vehicles currently being produced by the alliance. There has been a surge in demand for crossovers, sports utility vehicles, and pickup trucks, as well as zero-emission EVs, and plug-in hybrid electric vehicle (PHEV) models overseas, and the Outlander PHEV may have helped keep the general public satiated until now.

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