Nissan plans to take up to 15% stake in Renault’s planned EV unit – report

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TOKYO (Reuters) – Japan’s Nissan Motor Co plans to invest up to 15% in Renault SA’s electric vehicle (EV) unit, the Kyodo news agency reported on Thursday, as the two companies negotiate a overhaul of their decades-old partnership.

Japanese and French automakers said this month they were in talks over the future of their alliance, including Nissan which could invest in Renault’s spin-off electric vehicle business.

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No other details were immediately available.

Nissan said it had no comment beyond a joint statement released by the two companies earlier this month, in which they said they were engaged in discussions on a number of issues. , including EV unit. (Reporting by Satoshi Sugiyama; Writing by Elaine Lies; Editing by Jan Harvey)


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