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Nissan to take stake in Renault electric vehicle unit to repair alliance


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New 15-year deal includes working together on electronics and battery technology

Nissan is to take a stake of up to 15% in Renault’s flagship electric vehicle unit as part of a new long-term deal designed to repair relations in the troubled 24-year alliance between the two global automotive makers.

The 15-year agreement includes seeking savings from joint projects in Europe, India and Latin America, as well as working together on electronics and battery technology.

Continue reading…New 15-year deal includes working together on electronics and battery technologyNissan is to take a stake of up to 15% in Renault’s flagship electric vehicle unit as part of a new long-term deal designed to repair relations in the troubled 24-year alliance between the two global automotive makers.The 15-year agreement includes seeking savings from joint projects in Europe, India and Latin America, as well as working together on electronics and battery technology. Continue reading…