The Daimler Group and Renault-Nissan Alliance revealed during this year's Paris Motor Show that their partnership continues to "grow and mature" as it marks its seventh year in 2016.

“By sharing development and production costs, we have been able to enter new segments and offer our customers more compelling vehicles with the latest technology and features at more competitive prices,” said Carlos Ghosn, Renault-Nissan Alliance Chairman and CEO.

“Over the last seven years we’ve established a partnership that extends from parts to platforms, from co-development to co-production and from cars to commercial vehicles. So, our future cooperation continues to hold great promise,” added Dieter Zetsche, Chairman of the Board of Management of Daimler and Head of Mercedes-Benz Cars

Back in 2010, the Daimler-Renault-Nissan Alliance partnership was launched. It was, however, limited to only three projects which are mostly based in Europe.

At the present, the two companies are expanding their coverage and creating original project portfolios in all areas such as products, engines, and cross-supplying. Also, they are now not only based in Europe but in Asia, and the Americas as well.

In the past year, the partnership between the two companies resulted to the following: global debut of electric versions of the new Smart fortwo, Smart cabrio, and Smart forfour, first joint production facility COMPAS established, expansion of the cooperation to 1-ton pickup trucks, and joint engine production in North America.