Japanese automaker Nissan is considering investing in Renault’s planned spin-off electric vehicle unit for a stake of up to 15 percent,media reported. Nissan and Renault are currently in dialogue, hoping to overhaul the partnership that has lasted more than 20 years.
Nissan and Renault said earlier this month that they were in talks over the future of the alliance, in which Nissan could invest in Renault’s soon-to-be-spun-off electric-car business. But the two sides did not immediately disclose more information.
Image credit: Nissan
Nissan said it had no further comment beyond a joint statement issued by the two companies earlier this month. Nissan and Renault said in a statement that the two sides are in discussions on a number of issues, including the electric vehicle division.
Renault Chief Executive Luca de Meo said earlier this month that the relationship between the two parties should become “more equal” in the future. “It’s not a relationship where one side wins and the other loses,” he said in an interview in France. “Both companies need to be their best.” That’s the spirit of the league, he added.
Renault is Nissan’s largest shareholder with a 43 percent stake, while the Japanese automaker holds a 15 percent stake in Renault. Negotiations between the two sides so far include Renault considering selling some of its stake in Nissan, it was previously reported. For Nissan, that could mean an opportunity to change the unbalanced structure within the alliance. Reports have suggested that Renault wants Nissan to invest in its electric vehicle unit, while Nissan wants Renault to cut its stake to 15 percent.
Post time: Oct-29-2022