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Nissan's triple alliance to share platform for midsize electrics

Joint effort aims to cut soaring development costs by 30%

A Nissan Leaf recharges. The automaker, along with Renault and Mitsubishi, sold 91,000 electric vehicles last year. (Photo by Tomoki Mera)

TOKYO -- Renault, Nissan Motor and Mitsubishi Motors will jointly develop a shared platform for electric vehicles by 2020 in a cost-cutting move designed to boost the Franco-Japanese alliance's competitiveness in an increasingly crowded field.

The platform will serve as the basis for a number of midsize models, a category that includes the Nissan Qashqai sports utility vehicle. The plan is to manufacture around 2 million electric vehicles using the platform -- mainly SUVs -- over five years starting in 2020.

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