The Renault Mitsubishi EV partnership faces a turning point as Mitsubishi Motors has officially announced it will not invest in Renault’s Ampere electric vehicle business. This surprising decision marks a significant shift in Mitsubishi’s approach to electric vehicles, even as it continues to collaborate with Renault on model platforms.
Mitsubishi Motors has opted out of investing in Renault’s Ampere EV unit, effectively putting the Renault Mitsubishi EV partnership into question regarding their electrification roadmap. The Japanese automaker had initially planned to invest up to €200 million in Ampere, Renault’s dedicated electric vehicle business, but has since revised its strategy.
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Despite pulling out of the investment, Mitsubishi confirmed it will still collaborate with Renault on product development. It will launch several new vehicles based on Renault platforms in 2025, including a new Grandis SUV based on the Renault Symbioz and a fully electric Eclipse Cross successor based on the Scenic E-Tech platform.
The Renault Mitsubishi EV partnership was seen as a strategic alignment under the larger Renault-Nissan-Mitsubishi Alliance, which aimed to share technologies and reduce development costs. However, both Mitsubishi and Nissan have recently decided not to proceed with financial investments in Ampere. Nissan also withdrew its planned €600 million investment earlier this year.
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A spokesperson for Ampere stated that the business remains financially stable and is generating enough cash flow to support its development independently, without relying on minority shareholder funding.
Renault continues to push forward, with EV sales rising significantly in Q1 2025 due to successful launches of models like the Renault 5 electric hatchback. Ampere will also build the next-generation Nissan Micra based on this platform.
Mitsubishi, on the other hand, appears to be taking a more cautious route, focusing on regional EV launches and cost-effective development. The ASX and Colt models, both based on Renault designs, will continue in the lineup.
This development suggests that while vehicle collaboration continues, the Renault Mitsubishi EV partnership is evolving. Financial ties may loosen, but shared technology and mutual interests in cost efficiency ensure that their alliance remains functional—though redefined.
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Bloom Insight
While Mitsubishi won’t be investing in Ampere, it’s evident that the Mitsubishi Renault Ampere investment news reflects a recalibrated approach rather than a breakup. Expect future EV models from Mitsubishi to still carry Renault’s DNA, even without direct capital involvement.
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