RNO Renault SA

By Kosaku Narioka

Nissan Motor Co. plans to invest for an up to 15% stake in Renault SA's new electric-vehicle company, Ampere, the auto makers said Monday as they formally announced the alliance's reorganization.

The French-Japanese auto alliance said member Mitsubishi Motors Corp. will also consider investing in Ampere.

The auto makers said that Renault will transfer 28.4% of Nissan shares into a French trust, and that Nissan and Renault will retain a 15% cross-shareholding.

The French auto maker said last Monday that it had agreed to reduce its stake in Nissan to 15% from 43% currently, subject to the approval of the two companies' boards.

Nissan holds a 15% stake in Renault.

The alliance's new initiatives include operational projects in Latin America, India, Europe, they said Monday.

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

February 06, 2023 03:36 ET (08:36 GMT)

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