The automaker is expected to unveil job cuts and plant closures on Thursday as part of its cost-saving plan.

France will increase the state bonus for consumers buying electric cars to 7,000 euros from 6,000 euros as part of its aid to the country's auto sector, President Emmanuel Macron said.

Uncertainty about the pandemic underscores the alliance's midterm plans. Even as Renault, Nissan and Mitsubishi settle on new future targets, a second wave of COVID-19 shutdowns still could throw their plans off course.

Daimler aims to ensure a stable supply of batteries from the Chinese company as it plans to ramp up EV production, sources said.