Nissan is set to contribute around R40,368,384 ($725 million or 100 billion yen) to Renault's new electric vehicle division.

his may have cleared a hurdle in the protracted negotiations to reorganize their alliance in the car industry.

A Nissan representative stated that the contract's terms, including the amount of the investment, were still being discussed.

Ampere's enterprise value is predicted by Nissan and Renault to be between R161,242,274,640 and R201,496,200,000, or between €8 billion and €10 billion.

Nissan's investment ratio is probably less than 10% of that total.

That would fall short of the 15% investment cap Nissan set in February.

For parity, Renault reduced its ownership of Nissan from roughly 43% to 15%.

The collaboration was established in 1999 and has since expanded to include junior member Mitsubishi.