Nissan Motor Co is trading up 0.89% at 532.80
Nissan (OTC:NSANY) Motor Co will standardise and share electric-vehicle components with alliance partner Renault SA (OTC:RNLSY), the Japanese automaker’s chief operating officer (COO) said, describing electrification as the partnership’s new lynchpin.
The Franco-Japanese alliance, which also includes junior member Mitsubishi Motors (OTC:MMTOF) Corp, was strained in the aftermath of the arrest and ouster of former Chairman Carlos Ghosn. Since then, the coronavirus pandemic has provided an impetus to rebuild the collaboration, and the companies have looked to standardise parts and platforms to cut costs.
Nissan has already been sharing common platforms, powertrains and components with Renault (PA:RENA) and Mitsubishi, but those efforts have “reached the maximum we should do,” Ashwani Gupta, Nissan’s COO, told Reuters in an interview on Friday.
“That’s why we are shifting the gear of further synergies using electrification as the main pillar,” he said.
The focus will be on sharing batteries, electric powertrains and electronic architecture, he said, adding that adopting a uniform standard across the alliance would “contribute significantly” to economies of scale.
On technical fronts Nissan Motor Co RSI stood at 42.47 and currently stock is trading below all Moving Average. So, SELL position can be taken with following target and stoploss:
TRADE SIGNAL – : Nissan Motor Co – SELL: 532.8, TARGET: 525.5, STOP LOSS : 544.8