Mitsubishi Motors to invest up to 200 million euros into Renault's new EV unit


FILE PHOTO: A Mitsubishi Motors logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Pierre Albouy/File photo

TOKYO (Reuters) -Japanese automaker Mitsubishi Motors will invest up to 200 million euros ($213.66 million) in the new electric vehicle unit of French counterpart Renault, Mitsubishi said on Tuesday.

Mitsubishi said in a statement it seeks to improve its EV development technology and expand its lineup of battery-powered vehicles with the investment in the Renault EV unit, named Ampere.

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