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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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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

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