Renault and Nissan announced on Wednesday that they had reached final agreements on the new terms of their Alliance, as set out in the framework agreement reached in February.
As part of this cooperation, Nissan has agreed to invest up to 600 million euros in Ampere, Renault's new European entity dedicated entirely to electric vehicles and software.
The Japanese automaker will also become a "strategic" investor in the subsidiary, with a seat on its board of directors.
As announced last February, Renault and Nissan will retain a 15% cross-shareholding, with a retention obligation, as well as an obligation to cap their holdings.
However, Renault plans to transfer 28.4% of its Nissan shares to a French trust, where its voting rights will be "neutralized", subject to certain exceptions.
Following this transfer, Nissan will be able to exercise the voting rights attached to its shareholding in Renault.
For the record, the two groups also plan to carry out 'value-creating' operational projects in India, Latin America and Europe, through new investments and new vehicles.
In the second quarter, Nissan contributed 271 million euros to Renault's results.
Following these announcements, Renault shares were little changed (-0.1%) on Wednesday morning on the Paris Bourse. In Tokyo, Nissan shares ended down 1.2% in the wake of the first-quarter results for its 2023/2024 fiscal year.
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Renault is one of the world's leading automobile constructors. Net sales break down by activity as follows:
- sale of vehicles (91.9%): 2.2 million passenger and commercial vehicles sold in 2023, distributed by brand between Renault (1,548,748), Dacia (658,321), Renault Korea Motors (21,980), Alpine (4,328) and other (1,968);
- services (8.1%): financing services for vehicle sales (purchasing, renting, leasing, etc.; RCI Banque), related services (maintenance, warranty extension, assistance, etc.) and mobility services.
At the end of 2023, the group had 38 industrial sites worldwide.
Net sales are distributed geographically as follows: France (29.2%), Europe (49.3%), Americas (8.7%), Eurasia (6.1%), Asia/Pacific (3.5%), Africa and Middle East (3.2%).