Nissan to buy up to 15% in Renault EV unit under rejigged alliance

Nissan to buy up to 15% in Renault EV unit under rejigged alliance

CEO of Nissan Makoto Uchida, CEO of Renault Luca De Meo and CEO of Mitsubishi Takao Kato attend a news conference to unveil new agreement between Nissan and Renault in London, Britain February 6, 2023. REUTERS/Toby Melville

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% in Renault’s electric vehicles unit Ampere.