Renault and Nissan will each have 40 percent stakes in the fund, with Mitsubishi Motors funding the remaining 20 percent. The alliance plans to launch 12 all-electric models over the next six years, and also plans to market vehicles with autonomous drive technology and develop robo-vehicle ride-hailing services. Renault-Nissan-Mitsubishi expects combined revenues to reach $240 billion, with annual unit sales of more than 14 million by the end of 2022. The alliance sold 10 million vehicles in 2017.