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Renault-Nissan, Daimler mull extending alliance to autonomous, battery tech

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By Reuters
Renault-Nissan, Daimler mull extending alliance to autonomous, battery tech
FILE PHOTO: The Nissan company logo is pictured at the Renault SA car factory in Flins, near Paris, France, February 23, 2017. REUTERS/Benoit Tessier   -   Copyright  Benoit Tessier(Reuters)

PARIS (Reuters) – Renault-Nissan <RENA.PA> and Daimler <DAIGn.DE> may expand their cooperation to battery and autonomous cars technology and mobility services, the companies said on Wednesday.

“The industry being in transformation in the area of connectivity, autonomous cars and connected services, there are plenty of areas of cooperation for our entities,” Renault Nissan Chief Executive Carlos Ghosn told a news conference in Paris.

It could be an advantage for the companies to pursue different avenues of battery research and to pool their findings, as the industry seeks better battery chemistry for electric cars, Daimler Chief Executive Dieter Zetsche said.

Ghosn said the auto industry was seeing increased demand for electric vehicles.

“The higher price of oil, the more tailwind you will have behind electric cars,” he said, adding that a shortage of battery cells and electric motors means the auto industry is unable to meet demand for zero-emission vehicles, irrespective of short-term oil price moves.

(Reporting by Edward Taylor and Laurence Frost; Editing by Christoph Steitz)