Following Nissan and Renault’s new partnership deal, Nissan has invested in Renault’s EV development unit, showing the Japanese brand’s intent to grow its EV focus under the new structure. Nissan and Renault have had a strange and, at times, uneasy partnership. But thanks to a new deal set to place the two corporations as near equals in the Renault-Nissan-Mitsubishi Group, Nissan has already used the new structure to expand its focus on EVs. The Japanese automaker announced that it would be investing in Renault’s EV development unit, which could allow it to expand its EV offerings globally. According to Reuters , who reported Nissan’s investment initially, Nissan will be taking 15 percent of the Renault EV unit named “Ampere.” Neither company made financial information available, but it is set to benefit both quite greatly. There has been no time for Renault with a greater need for capital. Despite being the controlling brand in the Renault/Nissan alliance ever since it bailed out the Japanese carmaker, it has since fallen behind Nissan in terms of global sales. With added cash to put towards the EV transition, which is becoming increasingly important in Europe, Renault has been given a chance it needs […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
