Renault Weighs Transferring Around Half Of Its Stake In Electric Vehicle Partnership: Report

Renault Weighs Transferring Around Half Of Its Stake In Electric Vehicle Partnership: Report
  • As per reports, Renault SA RNLSY RNSDF would transfer a 28% stake it owns in Nissan Motor to a trust to match Nissan Motor Co Ltd's NSANF NSANY stake.
  • Ongoing talks between Renault and Nissan about their alliance could prompt the biggest reset in the tie-up since the 2018 arrest of Carlos Ghosn.
  • Renault would transfer a 28% stake it owns in Nissan to a trust and would be left with a 15% stake, equivalent to what Nissan owns, Reuters reported citing the Nikkei newspaper.
  • Renault, which currently owns 43% of Nissan, would give up voting rights tied to the transferred shares, the newspaper added.
  • Interestingly, Renault is considering transforming its business next year with a keen focus on electrification. The French automaker plans a separate vertical for electric vehicles based in France by next year with potential employment of 10,000 personnel. 
  • Earlier this month, Nissan Motor and Renault reported discussions on revamping their alliance focused on competitiveness as equal partners and getting value from their investment in electric cars.
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