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Renault-Nissan-Mitsubishi has announced its new strategic plan, called Drive The Future 2017-2022.

Under the new six-year plan, Groupe Renault forecasts a 40 percent growth in unit volumes, doubling sales outside of Europe, to over 5 million units, compared to the 3.47 million units sold in 2016 and a group operating profit of over 7% by the end of it, a 50 percent increase in value, with a floor at 5%.

To achieve these goals, the Renault-Nissan-Mitsubishi alliance is going to expand their product range, including eight new EVs and 12 electrified models. 15 of these new models will feature an autonomous system, ranging from Level 2 to Level 4, with compact city cars to offer Level 2 autonomy by 2019.

The company is going to invest 18 billion euros ($21 billion) in R&D and build the new EVs on a shared architecture between the three brands, creating a range of compact to full-size EV models. The goal is to have 80 percent of the Groupe Renault models based on common platforms.

“Groupe Renault is now a healthy, profitable, global company looking confidently ahead,” said Renault Chairman and CEO Carlos Ghosn. “Drive the Future is about delivering strong, sustainable growth benefiting from investments in key regions and products, leveraging Alliance resources and technologies, and increasing our cost competitiveness. Supported by the men and women of Renault, this new plan will unleash our full potential to innovate and grow in a rapidly-changing industry.”

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