Nissan to invest up to $663M in new Renault EV unit

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Nissan has agreed to invest up to $663 million in Renault’s new electric vehicle unit, the automakers said, as they finalized terms of their revamped alliance after months of talks clouded by tension. | Reuters

Nissan committed to invest up to 600 million euros in its partner’s electric vehicle unit, Ampere. Renault, meanwhile, will lower its stake in Nissan to 15 percent from around 43 percent, putting their relationship on equal footing.

Questioned on how many members the board will have, a Renault spokesperson replied it had not yet been fully decided.

 

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