Capital relationship with Nissan Renault Negotiations to review on equal footing

Nissan Motor Co. is currently negotiating to review its current capital relationship in favor of its partner Renault.

Under these circumstances, negotiations between the two companies have reached the final stage as Renault has shown a willingness to make concessions over the pending technology patent.

In the capital tie-up between the two companies, Renault holds 43% of the shares, Nissan only holds 15%, and Nissan does not have voting rights.

In the negotiations so far, there has been a difference of opinion, with Nissan demanding not to grant technology patents such as next-generation batteries to third parties.

However, according to people involved, Renault has accepted the claims in some patents and is willing to make concessions.

For this reason, Nissan is reaching the end of the negotiations, believing that the conditions for advancing the negotiations have been met.

In this negotiation, the attitude of the French government, which is a major shareholder of Renault, will have a great impact, but the Japanese government was newly informed in a letter that it would accept a review of the capital relationship, which helped advance the negotiations.

Also, in the series of negotiations, Renault is asking Nissan to invest in a new company for EV = electric vehicles, which will be the focus of future discussions.

The two companies plan to hold a top-level meeting in Japan on the 26th of next week, and plan to further advance concrete discussions with the aim of reaching an agreement on negotiations.