Nissan will invest in Renault subsidiary, Abe, to evaluate cooperation relationship with Honda and expand global electric vehicle business. Nissan CEO Makoto Uchida stated that they are studying investment matters regardless of whether Renault goes public. Nissan plans to invest 600 million euros in Renault's electric vehicle business, Ampere. Uchida and Renault CEO pointed out during their visit to India that the Indian market is highly competitive and requires government support and an electric vehicle ecosystem. Nissan has established a cooperation relationship with Honda to resist competition from Chinese BYD and American Tesla. The cooperation relationship is currently in the feasibility study stage.
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