TOKYO Nissan and Renault on Wednesday (July 26) finalised the terms of their revamped alliance, with the Japanese automaker committing to invest up to €600 million in its partner's electric vehicle unit Ampere. The agreement to conclude the terms of their overhauled partnership will put the two automakers on more equal footing and caps months of sometimes tense negotiations over issues such as the sharing of future intellectual property. The investment in Ampere is consistent with Nissan being a strategic investor and securing a board seat on the new company, Nissan said.

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