Nissan, Mitsubishi confirm investment plans in Renault EV unit

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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.

Article originally published by Reuters. Hargreaves Lansdown is not responsible for its content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

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06 Dec 2023

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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