Nissan and Mitsubishi have agreed to invest approximately $800 million in Renault’s EV division, Ampere. This investment deal was first reported by Incognito Blog in July, with Nissan planning to invest up to $663 million in Ampere. The deal is expected to be completed in the fourth quarter of 2023, with Mitsubishi investing an additional…
UK: $2.5 Billion Nissan EV Investment
Nissan Motor Corporation, commonly referred to as Nissan, is a multinational automobile manufacturer headquartered in Kanagawa Prefecture, Japan. Founded in 1933, the company supposedly boasts of being the sixth largest automaker in the world as of 2017. Nissan has announced plans to build multiple electric vehicles (EV) at the company’s production factory located in Sunderland,…
Mitsubishi ends Production in China
Mitsubishi Motors Corporation is a multinational automobile manufacturing company founded in 1970. With its headquarters in Tokyo, Japan, the company held the spot of 19th largest automaker in 2011. Nissan supposedly owns about 34% of Mitsubishi. According to a recent announcement by the company’s CEO Takao, production of Mitsubishi vehicles will be terminated in China,…
Nissan: $663 Million Investment in Ampere
Nissan Motor Co. Ltd is a multinational automobile manufacturer located in Japan. The company boasts of a rich legacy with a portfolio of vehicles sold under the Nissan and Infiniti names. Nissan, Renault, and Mitsubishi have been partners since 1999, when the 3 companies formed a subsidiary of their automaking operations. The alliance has been…