Nissan to acquire a stake in Ampere from Renault for $663m.

Nissan, a Japanese multinational automobile manufacturer, agreed to acquire a stake in Ampere, a provider of electric vehicle and software, from Renault, a French multinational automobile manufacturer, for $663m. “These agreements provide us with a solid base to reactivate business operations worldwide in key markets, with the potential to generate hundreds of millions in value for Renault, Nissan, Mitsubishi and stakeholders. They give us the strategic agility that we need more than ever in today’s rapidly evolving environment. We are all engaged with the right mindset and welcome Nissan as a strong partner in our upcoming EV and Software pure player Ampere. It confirms the attractiveness of the project to be front runner in Europe, allowing Renault and its Alliance partners to position themselves ahead of the starting grid for the EV and software race in Europe,” Luca de Meo, Renault Group CEO.