Up to now, Renault holds a 43.4 percent stake in Nissan. It will now transfer shares equivalent to a 28.4 percent stake to a French trust so each side will hold the same 15 percent stake in each other.

The move will re-balance the troubled alliance, but for Renault the benefits for the revamp are still unclear. On the other hand, for Nissan, the Japanese carmaker gets more ability to do what it wants, and is no longer in an alliance of unequal partners.

The deal also sees Nissan commit to invest in Renault’s flagship Ampere electric vehicle unit, which was the French automaker’s key goal.

Ampere, which it separated from its internal combustion engine business will, with the help of Nissan’s money and resources, expand to Latin America, India, and Europe.

Renault has announced plans to strengthen ties with Geely, which will take a big stake in the French automaker’s combustion engine business. On the other hand, Nissan is wary of sharing its technology with too many outsiders.

The alliance is considering to partner up for five common projects—a relatively small number compared to the list of 10 to 15 proposed in 2022 by Renault CEO Luca de Meo to Nissan.