Renault-Nissan and Daimler are reportedly in talks to expand their cooperation into battery and autonomous driving technology along with other mobility services.

“The industry being in transformation in the area of connectivity, autonomous cars and connected services, there are plenty of areas of cooperation for our entities,” Renault-Nissan CEO Carlos Ghosn told a news conference in Paris.

Daimler chief Dieter Zetsche who spoke at the news conference stated that it would be an advantage for the companies to explore different avenues of battery research and jointly contribute their findings as the industry seeks better chemistry for electric cars. Complementing this, Ghosn stated that the auto industry was looking at a surge in demand for electric vehicles.

“The higher price of oil, the more tailwind you will have behind electric cars,” he said adding to which he also stated that a shortage of battery cells depicts that the auto industry is unable to meet the growing demands of the current market.

The global alliance between Renault-Nissan, which was signed back in 2010 aimed at developing small cars and commercial vehicles along with other future powertrains.

Renault-Nissan and Daimler’s partnership might have a significant impact on the industry as the shift to electric powertrains has been now adopted across a wide range of companies all around the world. Stringent emission norms across major markets across the world has forced major automakers to sketch out plans for an electrified lineup in the coming years.