Nissan Motor Co. Ltd. will invest €600 in Renault SA's electric vehicle subsidiary Ampere as part of the carmakers' deal to extend their alliance, the two companies announced on Wednesday.
The carmakers stressed that they signed definitive agreements to extend cooperation in areas of "high-value-creation operational projects" in India, Latin America and Europe, as well as enhanced strategic agility with new initiatives that partners can join and the rebalancing of the Renault Group-Nissan cross-shareholdings and the "reinforcement of the governance" of the alliance.
"The agreements that have been signed today allow us to step into the next chapter of the Alliance. They strengthen our long-standing partnership and will maximize value creation for each Alliance member. This also lays the foundations for a new balanced, fair, and effective governance," the alliance's Chairman Jean-Dominique Senard stated.
