Autonomous Vehicle News
Nissan Motor Co. has concluded a review of the capital relationship that had remained a pending matter with French automobile giant Renault Group. It is hoped that the restructuring of the capital relationship will facilitate their collaboration and lead to the strengthening of the electric vehicle business. Nissan and Renault have reached a definitive agreement to reduce Renault’s 43% stake in Nissan and have each hold a 15% stake in the other to become equal partners. Following this, Nissan’s business performance recovered, and its sales and unit sales began to far exceed those of Renault. Since the beginning of this year, Nissan’s unit sales in China have declined by more than 20% from the previous year.