Nissan set to invest €640m in Renault electric car unit

Report potentially clears hurdle in drawn-out talks to reshape car-making alliance

Nissan is likely to invest around 100 billion yen (€640m) in Renault's new electric vehicle unit, the Yomiuri Shimbun has reported, potentially clearing a hurdle in drawn-out talks to reshape their car-making alliance.

The Japanese car maker this week settled on the terms for a contract to overhaul its partnership with Renault and agreed with its French partner on the investment amount in the electric vehicle, Ampere, the media outlet said.