First formed by the alliance of Renault and Nissan in 1999, and then with the addition of Mitsubishi, the Renault-Nissan-Mitsubish alliance, one of the world's most powerful automotive conglomerates, was officially born. In order to strengthen cooperation and provide funds, Renault bought a number of Nissan stocks, and still holds about 43%. However, according to foreign media reports, Renault seems to be interested in selling for cash.
Since Renault is actively laying out the electrification transformation, it needs sufficient funds to accelerate development. Especially compared with other European brands, Renault's electrification product lineup is relatively weak, so it is more necessary to increase development efforts, which also means that there must be more capital overcharge to help Renault electric vehicles also stand on the front line of the battlefield and compete with large automotive groups such as Volkswagen.
According to Bloomberg Bloomberg, Renault is considering selling its Nissan stake in order to secure cash. Among them, Nissan intends to buy back about 2 billion shares, and Renault seems to have begun to actively seek other buyers to take over. However, both Renault and Nissan spokesmen declined to comment on the matter, leaving no way of knowing the exact situation or progress.
Renault-Nissan-Mitsubish announced a restructuring in 2020 and strengthened the tripartite partnership, each responsible for different areas and leading each other, which can effectively reduce costs and maintain competitiveness. However, it is worth noting that Renault and Nissan's previous deep cooperation not only held 43% of the latter's shares, Nissan actually owned 15% of Renault shares. If Renault does sell its Nissan stake, how the relationship between the two parties will change will be the focus of the next observation.