- 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.

Logo: 
https://mma.prnewswire.com/media/556610/Renault_Nissan_Mitsubishi_Logo.jpg  
 
"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/




Source: Renault-Nissan-Mitsubishi