**Gasgoo News** According to Reuters, on March 31, French automaker Renault Group and Japanese automaker Nissan Motor announced that they have agreed to further revise their 20-year alliance agreement, reducing their cross-shareholding ratios, aiming to help Nissan revitalize its business.

Image source: Nissan Motor official website

Reports indicate that the revised terms will lower the minimum cross-shareholding requirement for both parties from the previous 15% to 10%, and Nissan will also cease its contributions to Renault.Electric VehicleThe obligation of investing in Ampere. Previously, Nissan had committed to investing 600 million euros in Ampere.

Nissan's newly appointed CEO, Ivan Espinosa, stated in a declaration: "Nissan is committed to maintaining the value and benefits of the alliance's strategic partnership while implementing efficiency-enhancing corrective measures." Renault CEO Luca de Meo said in a statement: "As Nissan's long-term partner in the alliance and its largest shareholder, Renault Group is fully willing to assist Nissan in swiftly turning around its performance."

Renault also announced that it will acquire majority ownership of the joint venture in India from Nissan, which means that Nissan will exit the manufacturing business in the Indian market and focus on sales and services. However, Renault will continue to produce cars for Nissan at the joint factory located in Tamil Nadu, India. Industry data shows that the factory has an annual production capacity ofCapacityExceeding 400,000, but the current utilization rate is only about one-third.

Renault CFO Duncan Minto said in a conference call that Ampere will still develop and produce an electric model designed by Nissan based on the Renault Twingo, proving that the cooperation between the two sides "remains vibrant." De Meo said that Renault's acquisition of Nissan's 51% stake in their Indian joint venture aims to help the French automaker further expand its overseas markets.

Despite the acquisition of a 2 billion euro impact from the stake in Nissan's joint venture business in India, Renault still maintains a target of at least 2 billion euros in free cash flow by 2025.Prediction"Minto表示，此举赋予日产更大灵活性，可以出售资产以充实现金流，”这将有助于日产重组。" Translation: "Minto stated that 'this move gives Nissan greater flexibility to sell assets to boost its cash flow,' which will help Nissan's restructuring."

Both parties stated that the revision of the alliance agreement and the termination of Nissan's investment commitment to Ampere need to meet several prerequisites, and it is expected to be completed by the end of May.