Nissan and Mitsubishi Motors are considering investing in alliance partner Renault's new electric vehicle company Ampere, the French automaker said Tuesday, as Nissan and Renault try to revise their decades-old capital tie-up.
Renault unveiled the EV business spinoff as part of its group strategy update. The automaker said it will become the new company's majority owner and is considering listing it in Europe in the second half of 2023.
Ampere, which will be based in France and employ about 10,000 people, will also develop software for cars on top of manufacturing and selling full EV passenger vehicles. The EV venture will partner with Google to boost digitization of cars while Qualcomm Technologies is planning to offer investment and technological knowhow, Renault said.