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

By Shivani Kumaresan
  • 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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Dive Deeper:
Nissan mulling third auto plant in the US to meet EV demand
Nissan is considering adding a new auto plant in the U.S. to keep up with growing demand for electric vehicles
Morning Brief: Top Financial Stories Dominating on Friday, May 13
CNBC
EV Week In Review: Elon Musk Shrugs Off China Shocker, Tesla India Plans On Backburner, Lordstown Gets Lifeline, Canoo Sinks On Going Concern Warning And More
The EV space was broadly lower in the week ending May 13, although closing off their lows. The industry took cues…
GM Ready To Return To Europe As EV-Only Maker: CEO
GM did not say when it plans to start sales and which of its new electric vehicles will be sold…
One subscription that gives you access to news from hundreds of sites
Prudent Corporate IPO: What GMP signals as subscription ends today
Prudent Corporate IPO GMP today is ₹25, which is ₹5 lower from its yesterday's evening grey market premium of ₹30,…
Japan's Nissan returns to profit despite chips shortages
Japanese automaker Nissan has returned to profitability for the first time in three fiscal years, despite challenges such as supply…
Get all your news in one place