Nissan to buy up to 15% stake in Renault EV unit under reshaped alliance
Nissan and Renault on Monday unveiled details of their redesigned alliance, with the Japanese car maker committing to buy a stake of up to 15 per cent in Renault’s electric vehicles unit Ampere.
The agreement, which also includes the previously announced reduction of Renault’s stake in Nissan to make the two more equal partners, aims to make the alliance freer and more balanced for the next 15 years, Renault’s CEO Luca de Meo said.
The lopsided relationship between the two car makers, which was deeply strained by the 2018 arrest of its architect and former chairman, Carlos Ghosn, amid financial scandal, had long been a source of friction among Nissan executives.
