Nissan Wants Independence, Renault Partnership

With the increasing prevalence of electric cars, automobile manufacturers began to follow different strategies. Finally, it was alleged that Nissan pressured Renault to sell its stake in the company. Renault, on the other hand, has different requests against this demand.

More and more electric cars an important actor As a result, companies started to follow different strategies. According to the news, Nissan is in a serious restructuring for electric cars.

Nissan with Renault They have been working as partners for a long time. In addition, a significant amount of shares in the Japanese company was held by Renault. According to the latest news, the Japanese firm wants to buy back its shares from its French partner.

Nissan seeks restructuring

With Renault in the restructuring process continuing the negotiations In these negotiations, Nissan is also negotiating with its French partners on whether they will produce a new electric car. In return for such a partnership, Nissan demands back their shares from its partner.

According to sources close to these companies Renault and Nissan officials It has been shuttled between France and Japan for months. If an agreement is made November An announcement may come next month. chief operating officer of Nissan Ashwani Gupta, He went to France last month and discussed whether Renault’s electric car project would be supported. Renault is currently planning to split its production in two. One of these two divisions will focus on electric vehicles and the other on conventional internal combustion engines. The French giant’s goal is to retain at least 51% of its electrical division and get Nissan to participate.

Nissan, in return for joining the electric vehicle division, is the owner of Renault’s company in the company. 43% of the shares He wants him to hand over at least some of it to them. In fact, the French do not object to this situation, but they want the agreement to be long-term. They will then have to decide how to divide the royalties and patents. Let’s see if the two companies can come to an agreement in the coming period.

Source :
https://www.wsj.com/articles/nissan-presses-partner-renault-to-sell-down-its-stake-11665159725


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