TOKYO (Reuters) – Nissan is expected to invest around $725 million in Ampere, Renault’s new electrical technologies and software unit, Japanese newspaper Yomiuri reported on Friday, a move that could advance negotiations over their alliance overhaul. .
According to the newspaper, citing people familiar with the matter, the Japanese automaker and its French partner finalized the details of a contract on Thursday and agreed on the amount that the first named would invest in Ampère.
A Nissan spokesman said discussions over the contract, including the amount of investment, have not yet been completed. “No agreement has yet been reached,” said the spokesman.
While Nissan and Renault expect Ampère to be valued between 8 and 10 billion euros, writes Yomiuri, citing sources, the Japanese group should invest less than 10% of this amount – it had set itself, last February, a ceiling of 15%.
A Nissan executive will appear in the organization chart of the new entity, according to Yomiuri, who specifies that measures will be put in place to oversee the management of the Japanese manufacturer’s intellectual property.
(Report Daniel Leussink and Elaine Lies; Jean Terzian)
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