Alliance Ventures invested in PowerShare, Chinese EV charging network.

Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi, invested in PowerShare, a Chinese electric vehicle charging network. Financial terms were not disclosed. François Dossa, Alliance Global Vice President, Ventures and Open Innovation, said: "PowerShare's expertise fits with the Alliance's objective to maintain our leadership in vehicle electrification. A solid infrastructure network must be established to accelerate the deployment of EV and new mobility services, and we expect PowerShare's technology to help make that happen. Additionally, PowerShare's base in China aligns with our strong focus on the market as a strategic hub."