Nissan Motor and Renault passed resolutions at their respective boards of directors regarding new partnerships, including reviewing the investment ratios of both companies on an equal footing, and formally agreed to a series of negotiations.
The relationship between the two companies will move to a new stage, including Nissan's investment in a new EV company to be established by Renault and collaboration in India and Latin America.
In the new alliance, Renault's stake in Nissan held in the previous capital alliance will be reduced from 43% to 15%, the same as Nissan's, and will be reviewed on an equal footing.
In line with this review, Renault asked for Nissan's investment in the new EV company, but said that it was "intention to invest up to 15%".
Furthermore, as a new collaboration, we plan to promote collaboration in Europe, in addition to India and Central and South America, where growth is expected.
The two companies will hold a joint press conference in London, England, on the evening of the 6th, Japan time, to explain the details of the agreement.
In the wake of Nissan's business crisis, the capital relationship that has continued for more than 20 years in Renault's favor will be reviewed, and the relationship between the two companies will move to a new stage.