Long-time automotive partners Nissan and Mitsubishi have officially announced their plans to invest in Renault’s electric vehicle division, Ampere EV. This strategic collaboration aims to accelerate the development of affordable and region-specific electric vehicles (EVs), primarily focused on the European market.
Massive Investment in Ampere EV
As part of the deal, Nissan will invest up to $703 million, while Mitsubishi will contribute around $234 million to Ampere EV. Renault recently separated this dedicated EV unit, which is expected to go public soon through an initial public offering (IPO).
Nissan will act as a strategic investor, gaining access to Ampere EV’s software and connectivity technologies, potentially expanding their use beyond Europe.
Upcoming Electric Models for Europe
One of the most exciting outcomes of this alliance is the development of an all-electric Nissan Micra for the European market, led by Ampere EV. Alongside that, Mitsubishi is working on a new mid-size electric SUV, also built on Ampere’s platform.
Renault CEO Luca de Meo stated that Ampere’s innovations will help slash production costs for the Micra by up to 50%, making it a more competitive EV in Europe’s growing electric market.
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Global Reach Beyond Europe
The partnership isn’t limited to Europe. The Renault–Nissan–Mitsubishi Alliance has confirmed joint projects in Latin America and India as well.
The trio recently ended their common purchasing agreement in September to allow each brand to focus on regional strategies and tailor development to local demands more effectively.
For Mitsubishi, this move marks a crucial step toward electrification while keeping development costs manageable. The company plans to market Ampere EV-based models in both Southeast Asia and Europe, reinforcing its electric lineup.
Ampere EV’s Ambitious Roadmap
Renault has ambitious goals for Ampere EV, planning to spin off the business and launch its IPO in 2024. Renault will retain over 50% ownership, ensuring strong influence over the unit’s future direction.
With Nissan and Mitsubishi now joining the fold, the Ampere EV alliance is poised to meet the surging demand for software-defined electric vehicles across global markets.
Adding further momentum, U.S. chipmaker Qualcomm has also shown interest in investing in Ampere, signaling strong global confidence in Renault’s EV venture.
