Nissan and Renault have agreed for Nissan to acquire a stake in Ampere, the future independent electric car division of Renault Group. The agreement is still subject to approval from the respective boards.
The amount of investment by Nissan has not been disclosed yet. The goal of Nissan is to become a “strategic shareholder”.
As stated by Renault CEO, Luca de Meo, Ampere is to become a fully-fledged OEM with 10,000 employees offering six electric models by 2030, including Renault 5 Electric, Renault 4 Electric, Megane E-Tech Electric, Scénic Electric and two more yet to be revealed.
See also: Renault to Produce Mass-Market EV in India
The investment in Ampere is part of a three-pillar agreement aimed at “strengthening the alliance’s links and maximizing value creation”. The partners also plan to launch “high value creation operational projects” in Latin America, India, and Europe.
The new foundation of the Renault-Nissan alliance also allows Renault to reduce its influence in Nissan, cutting its stake from 43% to 15%, with a cross-shareholding of 15% each and a standstill obligation.
The 28.4% of Nissan shares Renault is ceding will be transferred to a French trust, neutralizing the voting rights but still allowing Renault to receive dividends and future sales proceeds.
