Nissan Confirms Plan to Acquire 15% in Ampere, Renault’s EV & Software Unit

Nissan has confimred its intention is to invest up to 15% in Ampere, Renault Group’s EV & Software entity in Europe, with the aim to become a strategic investor. Through this intended investment in Ampere, Nissan would enhance and accelerate new business opportunities for Nissan in Europe.

The plan formed part of an announcment by tge Renault-Nissan-Mitsubishi Alliance on new initiatives to take their partnership to the next level.

Mitsubishi Motors will consider investing in Ampere.

Nissan and Mitsubishi Motors will also become customers of Renault Group’s Horse project, an initiative to achieve further scale and market coverage for its low-emission internal combustion engine (ICE) & hybrid powertrain technologies.

The companies announced consideration of new key projects in Latin America, India and Europe that aim to deliver large-scale and benefits for the Alliance members.

In Mexico, Nissan will produce a new model for Renault Group, making it the first Renault vehicle to be produced there in 20 years.

Additionally, Nissan and Renault Group will commercialise two A segment Electric Vehicles, both based on the CMF-AEV (Common Module Family) platform.

In a press statement, the Alliance says: 'This far-reaching program paves the way for a renewal and strengthening of the 24-year partnership, creating a new agile spirit and harnessing the pioneering technologies of all three Alliance members. This next level will create more growth opportunities and help secure operating efficiencies for each Alliance company to innovate and transform in the fast-changing market for automotive products and mobility services'.

Nissan and Renault Group will retain a 15% cross-shareholding, with a lock-up obligation, as well as a standstill obligation.