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Reuters: Nissan, Mitsubishi confirm investment plans in Renault EV unit

Reuters
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Reuters
Published Dec 6, 2023

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Renault's long-standing partners Nissan and Mitsubishi still intend to invest in the French car maker's electric vehicles unit Ampere, according to a presentation by Renault on Wednesday.

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Nissan and Mitsubishi confirmed they would invest respectively up to 600 million euros and 200 million euros in Ampere, which has been carved out from the rest of Renault and is due to list on the market next year.

Nissan will become "a strategic investor" in Ampere, Makoto Uchida, CEO of the Japanese car marker told reporters, adding the company may use innovations coming from the EV unit in software and connectivity in other markets outside Europe.

Nissan is also considering taking a stake in Renault's circular economy activity, the presentation showed.

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