Renault (RNO FP) and Nissan (7201 JT) boards have approved alliance reset
The areas of collaboration under consideration include:
- Nissan’s intention is to invest up to 15% in Ampere, Renault Group’s EV & Software entity in Europe, with the aim to become a strategic investor. Through this intended investment in Ampere Nissan would enhance and accelerate new business opportunities for Nissan in Europe.
- Mitsubishi Motors would consider investing in Ampere.
- Nissan and Mitsubishi Motors would become customers of Renault Group’s Horse project, an initiative to achieve further scale and market coverage for its low-emission internal combustion engine (ICE) & hybrid powertrain technologies.
Via Nissan
Analysis details (07:31)
- As touted by source reports.
06 Feb 2023 - 07:31- Equities- Source: Newswires
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