Leading automakers Mitsubishi, Renault and Nissan will share electric vehicle architecture for their future model in an attempt to bring the price tag to a level comparable to that of conventional gasoline cars, the Nikkei newspaper said.
According to Nikkei, the three company's will share key components such as the motor, inverter and battery. These components will be manufactured by the engineering and development departments of the brands working together.
The joint venture of these brands will reduce the production cost and therefore the purchase models will be cheaper. The CEO of the all three brands, Carlos Ghosn said that it has been his main aim to produce electric vehicles which cost no more than its combustion engine counterparts.
After Nikkei's report came out, Nissan said no announcement about this sharing has been made and the other two brands are yet to comment.