PARIS : Nissan and Renault on Monday unveiled details of their redesigned alliance, with the Japanese car maker committing to buy a stake of up to 15 per cent in Renault's electric vehicles unit Ampere.
"Nissan's intention is to invest up to 15 per cent in Ampere, Renault Group's EV & Software entity in Europe, with the aim to become a strategic investor," the statement said ahead of a presentation in London. Renault will transfer 28.4 per cent of Nissan shares into a French trust, making the two more equal partners in the alliance.
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