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Nissan and Renault on Wednesday finalised the terms of their revamped alliance, with the Japanese automaker committing to invest up to 600 million euros ($663 million) in its partner's electric vehicle unit Ampere. The agreement to conclude the terms of their overhauled partnership will put the two automakers on more equal footing and caps months of sometimes tense negotiations over issues such as the sharing of future intellectual property.

Nissan Renault Alliance: Nissan and Renault on Wednesday finalised the terms of their revamped alliance, with the Japanese automaker committing to invest up to 600 million euros ($663 million) in its partner's electric vehicle unit Ampere. The agreement to conclude the terms of their overhauled partnership will put the two automakers on more equal footing and caps months of sometimes tense negotiations over issues such as the sharing of future intellectual property.

Nissan and Renault are set to announce the finalized restructuring of their alliance after 10 months of negotiations. Nissan aims to invest less than 10% in Renault's electric vehicle unit, Ampere.

Renault is thinking about spinning off its EV business via an IPO in 2023. Find out everything we know about the potential listing.

Iconic Renault 5 reborn as an EV, symbolises company's new direction Simran Rastogi Updated: January 15, 2021, 12:00 PM IST As the face of the Renault Groupe's recently announced Renaulution programme, it doesn't get more symbolic than the Renault 5 prototype, a modern all-electric take on the inimitable Renault 5 of the '70s. The Renaulution programme, a strategy plan for the next five years and beyond, will see Renault evolve into a tech, service and clean energy brand, while s...