Japanese carmaker Nissan Motor has unveiled the next-generation vehicle engineering concept, Nissan Common Module Family (CMF).

The new platform is designed to allow the company to share up to 80% of its parts between new vehicles, to raise the appeal of its products and expand sales volume.

CMF combines modular engineering with Nissan's own engineering technologies, in areas such as simulation and variation engineering and simplicity.

The Nissan CMF platform comes with '4+1 Big Module' strategy which comprises four distinct modules- engine compartment, front chassis/sub frame, the cabin, and the rear chassis.

CMF platform enables to design vehicles depending on module configuration varying from vehicles including compacts, large-sized through to tall SUVs by combining the four modules in different ways.

The launch of Nissan CMF will facilitate commonisation that exceeds vehicle segments, lower costs, and facilitate the simultaneous application of attractive new technologies across several models.

Nissan said that the ultimate goal of its mid-term business plan Power 88 is to expand the company's market share, with a claimed 51 new vehicles and 90 new technologies to debut by 2016.

Nissan will launch the first car on the CMF platform in 2013.