Nissan Says Too Early To Predict EV Unit Spin-Off: Reuters

by Shivani Kumaresan, Benzinga Staff Writer

May 13, 2022 6:53 AM | 1 min read | Make a Comment

Nissan Motor Co NSANY thinks it is too early to say whether it will spin off its electric vehicle (EV) business division, Reuters reported, citing a senior executive of the Japanese automaker.
"It's too early to consider because of our diversified market portfolio and diversified product portfolio," the report quoted COO Ashwani Gupta.
Meanwhile, in April, Renault SA RNLSY said it is considering options to separate its EV business, including a possible public listing as it tries to capture the growing EV market.
The move gave way to speculations that it may lower its stake in Nissan.
Price Action: NSANY shares closed lower by 0.65% at $7.65 on Thursday.

Posted In: News Penny Stocks Media Briefs

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.