Nissan’s 15% Stake In Renault Electric Vehicle Unit A Sign Of Good Times

[Admin]

Nissan Plans to purchase up to 15% stake in Renault’s flagship electric vehicle unit, Ampere, the two companies announced on Monday February 6, 2023. The move is believed to be part of a long-term deal crafted to mend the tumultuous 24-year alliance between the two automakers. The agreement is a product of months of tense … (read full article...)

 

[Amperix]

Ampere, which is based in France, is responsible for the development and production of Renault's EV models, including the popular Zoe and Twingo ZE. The unit has also been working on a new electric platform that will underpin future models from both Renault and Nissan. By investing in Ampere, Nissan will have a greater stake in the development of new EV models and technologies, and will be better positioned to compete in the growing EV market. The move is also seen as a sign of the deepening relationship between Nissan and Renault, which have had a sometimes rocky partnership in the past.