However, Renault can instruct the trustee to see the Nissan shares if it benefits the French automaker but notes it has “no obligation to sell the shares within a specific pre-determined period of time.” While Renault is free to sell the stake held by the French trust, it has to do so in a coordinated process, which involves granting Nissan a right of first offer.
Makoto Uchida, Nissan’s President and CEO, believes investing in Ampere benefits everyone. “This will create additional value through initiatives aligned to Nissan’s Ambition 2030 and electrification strategy.”
“The investment opportunity in Ampere complements and strengthens Nissan’s ongoing electric push in Europe and will deliver numerous synergies, including cost efficiencies, regulatory compliance, and a broader range of EV products and powertrains,” he added.
In February, the alliance announced several new developments as a result of the deal.
