Renault and Nissan seal deals on their Alliance partnership
Nissan has become a strategic investor in Ampere, Renault's future electric and software champion, by holding a seat on its board. This investment aligns with Nissan's electrification strategy, offering potential advantages and synergies.
In a significant move, Renault Group will transfer 28.4% of its Nissan shares to a French trust. The voting rights attached to these shares will be "neutralized", with certain exceptions, ensuring a balanced, fair, and efficient governance within the Alliance.
Nissan has agreed to invest up to €600 million in Ampere. This investment will complement and reinforce Nissan's ongoing electric offensive in Europe, bringing numerous synergies such as cost efficiency, regulatory compliance, and expansion of the electric vehicle product range and powertrains.
The agreements formalize the realignment of cross-shareholdings between Renault Group and Nissan. Renault Group will continue to fully enjoy the economic rights attached to the shares held by the trust until the sale of these shares.
Renault Group's voting rights and Nissan's voting rights will be capped at 15% of exercisable voting rights. This move aims to maximize collaboration within the Alliance in three areas: high-value creation operational projects, increased strategic agility, and realigned cross-shareholdings and strengthened Alliance governance.
The agreements will welcome Nissan as a solid partner within Ampere. Jean-Dominique Senard, President of the Alliance, declared that the agreements signed will open a new chapter for the Alliance and strengthen partnerships.
Makoto Uchida, President and CEO of Nissan, stated that the agreements will create additional value through initiatives aligned with Nissan Ambition 2030 plan and electrification strategy. Luca de Meo, CEO of Renault Group, declared that the agreements provide a solid base for restarting global operations and position Renault and its Alliance partners at the starting grid for the race to electric vehicles and software in Europe.
Partners plan new key projects in Latin America, India, and Europe that aim to deliver mutually beneficial, large-scale, and tangible results for Alliance members. This investment and the new agreements will give strategic agility to partners in today's rapidly evolving environment.
Renault Group and Nissan have already announced their renewed commitment to activities in India through new investments and new vehicles. With these agreements, both companies are taking decisive steps towards a more electric and software-driven future.
It's important to note that the search results do not provide specific information about the companies that have taken over the shares of the Renault Group in Nissan through a foundation.
The agreements signed by Renault Group and Nissan mark a significant milestone in their partnership, setting the stage for a more collaborative and efficient Alliance in the era of electric vehicles and software.
Read also:
- Railway line in Bavaria threatened by unstable slope - extensive construction site at risk
- Wind Farm Controversy on the Boundary of Laois and Kilkenny
- Delaware's contentious offshore wind project faces uncertainty as the Trump administration reverses course on clean energy initiatives.
- Karma Automotive Presents New Models at Quail: Ivara, Kaveya, and SDVA Event Debut
