Mitsubishi Motors to invest around 20 billion yen into Renault's new EV company

📆 10/24/2023 7:16 AM
📰 ChannelNewsAsia

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TOKYO : Japanese automaker Mitsubishi Motors plans to invest into the new electric vehicle unit of Renault, with the investment expected to be about 20 billion yen ($133.8 million), the Nikkei newspaper reported on Tuesday.

A decision by Mitsubishi to invest into the EV unit, named Ampere, would come after its partners Renault and Nissan Motor finalised a restructured alliance in July.

Nissan, as part of that move, committed to invest up to 600 million euros in the unit, consistent with it being a strategic investor and securing a board seat on the new company. We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.

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