Nissan Motor Co., Ltd. (TSE:7201) will invest in Renault SA (ENXTPA:RNO)'s electric vehicle (EV) unit Ampere even after its listing plans fell through, while also evaluating its partnership with Honda Motor (7267.T) to further build its global EV expansion. "We want to be a global (EV) player in the world," Nissan CEO Makoto Uchida told reporters during a press briefing in the southern Indian city of Chennai on March 27, 2024, adding that the company wants to deepen its partnership with Renault, and through that, it's presence in Europe. "Therefore, regardless of the IPO whatsoever, we are looking at Ampere.

We are already discussing about Ampere, our investment," Uchida added. Nissan, in December, had confirmed it would invest EUR 600 million ($650 million) in Renault's EV business Ampere, listing plans for which the French car-maker ditched earlier this year because of sluggish stock market conditions. Renault's chairman said last month the decision will not delay investments from Nissan or other long-time partner Mitsubishi (7211.T).

This was echoed on the day by Nissan's top boss.