Nissan to Cancel Investment in Renault EV Company
Tokyo, March 31 (Jiji Press)--Japan's Nissan Motor Co. said Monday it has decided to cancel its plan to invest up to 600 million euros in an electric vehicle company of France's Renault SA, its capital alliance partner.
Nissan and Renault also agreed to review their capital agreement signed in July 2023, granting them the right to reduce each other's shareholding to 10 pct from 15 pct.
(2025/03/31-23:13)
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