TOKYO -- Mitsubishi Motors said Tuesday that it will invest up to 200 million euros ($213 million) in Ampere, a new electric vehicle venture set up by Renault. The Japanese carmaker plans to buy EVs developed and produced by Ampere and sell them under its own brand, allowing it to move toward electrification while keeping development costs low.
Business deals
Mitsubishi Motors to invest up to 200m euros in Renault EV venture Ampere
Japan automaker to sell procured EVs under own brand in Southeast Asia, Europe
Mitsubishi Motors plans to invest up to 200 million euros in a joint venture with French automaker Renault and Nissan Motor. The venture, Ampere, will make EVs, which Mitsubishi will sell under its own brand.
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