Mitsubishi Motors to invest around 20 billion yen into Renault's new EV company

Japanese automaker Mitsubishi Motors plans to invest into the new electric vehicle unit of Renault, with the investment expected to be about 20 billion yen ($133.8 million), the Nikkei newspaper reported on Tuesday.

Spokespeople for Mitsubishi were not immediately available to comment on the report.

A decision by Mitsubishi to invest into the EV unit, named Ampere, would come after its partners Renault and Nissan Motor finalised a restructured alliance in July.


Nissan, as part of that move, committed to invest up to 600 million euros ($640.86 million) in the unit, consistent with it being a strategic investor and securing a board seat on the new company.