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Benzinga
Benzinga
Business
Shivani Kumaresan

Nissan Says Too Early To Predict EV Unit Spin-Off: Reuters

Nissan NSANY Ashwani Gupta Nissan Motor Co Renault SA electric vehicle
  • Nissan Motor Co (OTC:NSANY) thinks it is too early to say whether it will spin off its electric vehicle (EV) business division, Reuters reported, citing a senior executive of the Japanese automaker.
  • "It's too early to consider because of our diversified market portfolio and diversified product portfolio," the report quoted COO Ashwani Gupta.
  • Meanwhile, in April, Renault SA (OTC:RNLSY) said it is considering options to separate its EV business, including a possible public listing as it tries to capture the growing EV market.
  • The move gave way to speculations that it may lower its stake in Nissan.
  • Price Action: NSANY shares closed lower by 0.65% at $7.65 on Thursday.
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