Alliance Ventures Focuses on Disruptive Technology Through New Partnership With Plug and Play China

Automotive Press Releases Thursday May 9, 2019 15:24
PARIS and TOKYO--9 May--PRNewswire/InfoQuest
  • Three-year agreement will expand Alliance Ventures' reach in China and provide Plug and Play start-ups with access to the world's largest automotive alliance
  • Partnership will add to Alliance Ventures' efforts to remain at the cutting edge of next-generation systems for the automotive industry
  • Alliance Ventures will invest up to $1 billion by 2022 to support open innovation

Alliance Ventures, the strategic venture capital fund that invests in technology start-ups for Groupe Renault, Nissan Motor Company and Mitsubishi Motors, today announced a partnership with Plug and Play China to cooperate on open innovation in the world's second-largest economy.

"China is leading innovation in the automotive industry," said Francois Dossa, Alliance Global Vice President, Ventures and Open Innovation; Chairman of Alliance Ventures. "By harnessing the expertise of Plug and Play China, we can gain access to start-ups and technologies that will transform the mobility experience."

Alliance Ventures and Plug and Play agreed to a three-year partnership in China that will benefit both groups. This latest agreement follows successful existing partnerships with Plug and Play both in Japan and in Silicon Valley. With access to Plug and Play China's peerless start-up network, Alliance Ventures' ability to identify and work with promising start-ups, carry out pilot projects, and acquire or invest in new technology opportunities will be turbo-charged. Renault, Nissan and Mitsubishi Motors will benefit through new business opportunities in the world's largest automotive market and access to cutting-edge, next-generation technologies.

Link: https://www.alliance-2022.com/news/alliance-ventures-focuses-on-disruptive-technology-through-new-partnership-with-plug-and-play-china/
Logo: https://mma.prnewswire.com/media/556610/Renault_Nissan_Mitsubishi_Logo.jpg

Latest Press Release

Photo Release: Ground Effects (Thailand) Signs Lease Deal for Ready-Built Factory in WHA Eastern Seaboard Industrial Estate 1

Canada-based Ground Effects (Thailand), worldwide leader in spray-on bed liners and multi-faceted automotive accessories, recently inked a ready-built factory (RBF) lease agreement with WHA Industrial Development. The new site, located at WHA Eastern...

Delta EV Charging Solutions Power Nissan LEAF Test Drive at Thailands Highest Peak

Delta Electronics (Thailand) PCL. brought its Electric Vehicle (EV) charging solutions to support the Nissan LEAF test drive at Thailand's highest mountain-Doi Inthanon. As the official Electro Mobility Operator (EMO) for Nissan in Thailand, Delta joined...

Mitsubishi Motors Electrification Journey and the Worlds Best-Selling Plug-In Hybrid

Forty-nine years after Mitsubishi produced Japan's first series mass production car in 1917, it realized that fossil-based fuel was a finite entity, in addition to the issues it created, including urban pollution. Consequently, the automaker began...

Additional equipment and exclusive highlights for saloon and Sport Turismo

Porsche is celebrating the tenth anniversary of the Panamera line with a special edition of the Panamera. The new Panamera 10 Years Edition features particularly extensive standard equipment in the areas of comfort and the chassis has also been enhanced...

Mitsubishi Motors Thailand Hands Over Mitsubishi Triton to Happy Festival Winner

Mr. Egathi Rattana-Aree, Executive Vice President of Domestic Sales Unit and After Sales Unit, Mitsubishi Motors (Thailand) Co., Ltd. (1 st from right) recently congratulated and presented the grand prize of Mitsubishi Triton Mega Cab Plus to Mr....

Related Topics