Renault and Nissan re-commit to their €23bn electric car drive, after Ghosn crisis

The funds will be spent over five years to roll out 35 new battery-powered cars by the end of the decade

As part of the push, the Renault-Nissan-Mitsubishi alliance will slim down its number models to 90 from a current 100.

Renault and Nissan Motor outlined a €23bn electrification plan that will deepen ties within the struggling Franco-Japanese alliance as competition intensifies.

The funds, announced separately by the carmakers last year, will be spent over five years to roll out 35 new battery-powered cars by the end of the decade across five common manufacturing platforms, the companies said. The move is a major departure from the Renault Zoe and Nissan Leaf electric cars that were developed and built separately.