Nissan to invest up to $663m in Renault's new EV unit

Nissan to invest up to $663m in Renault's new EV unit

FILE PHOTO: The logo of Renault is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 15, 2023. REUTERS/Gonzalo Fuentes

Nissan has agreed to invest up to $663 million in Renault’s new electric vehicle unit, the automakers said on Wednesday, as they finalised terms of their revamped alliance after months of talks clouded by tension.