Nissan Buying Up to 15% Stake in Renault EV Unit as Both Companies Announce Redesigned Alliance
Nissan and Renault announced the total remake of the long-lasting relationship last month.
Nissan and Renault announced the total remake of the long-lasting relationship last month.
Renault and Nissan recently announced that the French automaker would transfer 28.4% of Nissan’s stake into a French trust.
The Sandbox stated that both parties now intend to build a long-term relationship to draw in potential users, especially young individuals who are familiar with the digital world.
The Renault brand retail sales dipped owing to supply chain issues for semiconductors. The company is positive about its recovery this year and getting net positive sales for the year of 2022.
Geely will expectedly collaborate with Renault to develop a new lineup of green cars.
Despite the gloomy EV deliveries in the EU, Wedbush Analyst Dan Ives believes the best days for Tesla are yet ahead and gives the stock a new 12-month price target of $950.
Renault Chairman Jean-Dominique Senard said that the merger between his firm and Nissan is nor views as an efficient one anymore.
Nissan stock has fallen to the lowest level in 10 years as the company has reported its earnings and is still under the pressure of the scandal surrounding former chairman Carlos Ghosn.
Peugeot and Fiat Chrysler confirmed their intention to merge, in what would be a 50-50 share swap and create the world’s fourth-largest carmaker.
It has been revealed that Initially a vehicle identification network developed within the Mobility Open Blockchain Initiative will be tested in the US.