Nissan and Renault finalised the terms of their revamped alliance on July 25, with the Japanese automaker pledging up to 600 million euros ($663 million) in its partner's electric vehicle unit Ampere.
The agreement to finalise the terms of their revamped partnership puts the two automakers on a more equal footing and comes after months of sometimes tense negotiations over issues such as future intellectual property sharing.
According to Nissan, the investment in Ampere is consistent with Nissan's role as a strategic investor and a board seat on the new company.
The companies stated that the overhaul would be completed in the fourth quarter of 2023, subject to regulatory approvals.
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