By Meghana Kandra
According to seven sources familiar with the matter, Nissan is focusing on developing growth plans in software and electric vehicles independently from its partner Renault as both automakers work on finalizing the terms of their alliance.
As part of Nissan’s plans, the Japanese automaker is reportedly searching for a partner outside the auto industry to develop software that connects vehicles to cloud-based services.
Two insiders, who are involved in the discussions, revealed that Nissan is targeting this move to address a relative weakness in the company’s technological capabilities, as it aims to make its cars “smarter and more connected.” However, no details on potential candidates were shared.
As the automotive industry shifts towards smart, connected, and electric vehicles, Nissan is taking steps to keep pace with its competitors.
Nissan is developing an expanded strategy for all-battery and plug-in electric vehicles for the North American and Asian markets. This strategy is separate from the alliance with Renault, as the two automakers work to finalize the terms of a more limited partnership.
Nissan is reportedly seeking to focus on areas where it has relative weaknesses, such as software development and connected vehicles, and is considering partnerships with companies outside the auto industry to address these areas.
The alliance oversight board recently met to discuss a rebalance of the partnership, which will see Renault’s stake in Nissan reduced from 43% to 15%, matching Nissan’s stake in Renault.
In addition, Nissan will gain reciprocal voting rights in Renault. As part of the deal, Nissan will also invest in Renault’s new Ampere electric vehicle business.
