Nissan, Renault To Announce New Alliance Soon: Report
Portfolio Pulse from Shivani Kumaresan
Nissan Motor Co Ltd and Renault SA are expected to announce a restructured alliance and a final deal soon. Nissan is expected to take 15% of Renault's new electric vehicle unit, Ampere, and Renault would reduce its 43% stake in Nissan. The proposed dateline was extended after Nissan executives opposed some provisions of the deal and wanted better protection for Nissan's intellectual property.
July 19, 2023 | 12:16 pm
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NEUTRAL IMPACT
Renault is expected to reduce its 43% stake in Nissan as part of the restructured alliance.
The reduction of Renault's stake in Nissan could be seen as a neutral move for the company. While it reduces its exposure to Nissan, it also potentially loses some influence over the company. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Nissan is expected to take 15% of Renault's new electric vehicle unit, Ampere, and is working to lower its strategic investment in Ampere, below the maximum threshold of 15% it announced in February.
The news of Nissan taking a stake in Renault's EV unit, Ampere, could be seen as a positive move for the company as it expands its presence in the EV market. This could potentially lead to a short-term increase in the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80