Mitsubishi Motors to invest around 20 billion yen into Renault’s new EV company

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<span>© Reuters. FILE PHOTO: A Mitsubishi Motors logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy/File photo</span><br />
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<p>TOKYO (Reuters) – Japanese automaker Mitsubishi Motors (OTC:) plans to invest into the new electric vehicle unit of <span itemscope="" itemtype="http://schema.org/Corporation"><span itemprop="name"> Renault </span></span> (EPA:), with the investment expected to be about 20 billion yen ($133.8 million), the newspaper reported on Tuesday. </p>
<p>Spokespeople for Mitsubishi were not immediately available to comment on the report.</p>
<p>A decision by Mitsubishi to invest into the EV unit, named Ampere, would come after its partners Renault and Nissan (OTC:) Motor finalised a restructured alliance in July.</p>
<p>Nissan, as part of that move, committed to invest up to 600 million euros ($640.86 million) in the unit, consistent with it being a strategic investor and securing a board seat on the new company.</p>
<p>($1 = 149.6000 yen)</p>
<p>($1 = 0.9362 euros) </p>
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<br /><a href="https://www.investing.com/news/stock-market-news/mitsubishi-motors-to-invest-around-20-billion-yen-into-renaults-new-ev-company–nikkei-3206429">Source link </a></p><p>The post <a href="https://forextraderhub.com/mitsubishi-motors-to-invest-around-20-billion-yen-into-renaults-new-ev-company.html">Mitsubishi Motors to invest around 20 billion yen into Renault’s new EV company</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>