Renault’s talks with Geely complicated by Nissan concerns

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Nissan's concerns about technology transfers have complicated its partner Renault's plans to sell a large stake in its petrol-engine business to China's Geely, three people familiar with the talks said.

Discussions have included the need to ensure that any technology transferred to Ampere stays within the EV unit, two people said.

Renault has a 43% stake in Nissan while the Japanese automaker has a 15% non-voting stake in Renault. People with knowledge of the talks have said the two sides have been discussing a reduction in Renault's stake in Nissan, potentially to 15%.

Source: News Formal (newsformal.com)

 

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