Nissan to invest £515m in Renault's EV unit as Alliance deal sealed

Nissan will invest €600 million (£515m) into Renault’s Ampere EV company, as the two major car makers finalise a new, more equitable Alliance partnership.

This investment into the electric vehicle and software firm “complements and strengthens Nissan’s ongoing electric push in Europe”, said Nissan CEO Makoto Uchida, and will deliver “numerous synergies, including cost efficiencies, regulatory compliance and a broader range of EV products and powertrains”.

The deal, which is part of the final considerations in a protracted re-establishing of the two firms’ relationship, gives Nissan a seat on the board of Ampere.

Signed today, the new Alliance agreement will now go through final checks by law makers before it is formally completed in the fourth quarter of 2023.