Nissan may abandon the deal with Renault if it joins forces with Geely-Bloomberg.

Nissan may abandon the deal with Renault if it joins forces with Geely-Bloomberg.


Posted November 4, 2022, 1:05 PM

Nov 4 (Reuters) – Nissan may walk away from an agreement with Renault over the future of their alliance as the French carmaker plans to share proprietary technologies with Geely Automotive Holdings, Bloomberg reported on Friday, citing sources familiar with the discussions.

Renault’s projects will include hundreds of technologies developed by the two partners, including in key areas for the development of autonomous electric vehicles, according to sources cited by the agency.

Nissan wants to ensure its intellectual property is protected if Renault strikes a deal with Geely for the Chinese company to take a stake in its internal combustion engine division, sources say.

Separately, Nissan chief executive Makoto Uchida told Reuters on Friday that talks between Renault and Nissan focused on how to increase their investment in electric vehicles and improve the alliance’s competitiveness. (Writing by Valentine Baldassari, editing by Kate Entringer)

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