Nissan to invest some $725 million in Renault’s EV unit, Yomiuri says

📆 7/14/2023 7:30 AM
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TOKYO—Nissan Motor is likely to invest around 100 billion yen ($725 million) in Renault’s new electric vehicle unit, the Yomiuri Shimbun said on Friday, potentially clearing a hurdle in drawn-out talks to res... CDNDigital

The logos of car manufacturers Renault and Nissan are seen in front of dealerships of the companies in Le Coteau, France, July 13, 2023. REUTERS/Gonzalo Fuentes/File Photo

The Japanese automaker on Thursday settled on the terms for a contract to overhaul its partnership with Renault and agreed with its French partner on the investment amount in the EV unit, Ampere, the Yomiuri said.

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