For Nissan, that means contending with an increasingly grim outlook for foreign automakers in China, the world's biggest car market.
AMPERE INVESTMENTNissan said it would invest up to 600 million euros ($663 million) in Renault's electric vehicle unit, Ampere.
Renault, meanwhile, will lower its stake in Nissan to 15% from around 43%, putting their relationship on equal footing.
The investment in Ampere is consistent with Nissan being a strategic investor and securing a board seat on the new company, Nissan said.
Nissan had flagged in February that it would invest a maximum 15% in Ampere, but the exact size of its stake remained unclear.
Persons:
Gonzalo Fuentes, Makoto Uchida, AlixPartners, Nissan, Ampere, Gilles Guillame, Daniel Leussink, David Dolan, Miral
Organizations:
Renault, Viva Technology, Porte de, REUTERS, Investment, Nissan, Reuters, North America, Dongfeng Motor Group, Ampere, Qualcomm, Mitsubishi Motors, Thomson
Locations:
Porte, Paris, France, TOKYO, PARIS, Renault's, China, Japan, North, U.S