Another EC company gonna hit the NA market and mess with Tesla market share 
How the Fiat-Renault Mega-Merger Came Together
How the Fiat-Renault Mega-Merger Came Together
For years, Fiat Chrysler had made no secret of the fact that it wanted to play an active role in consolidation. Renault, for its part, also realized that it was too small alone to withstand rising market turbulence. The carmaker is a notable force in electric vehicles and has a strong link to Asia thanks to its alliance with Japan’s Nissan Motor Co., but it’s absent in the crucial U.S. market, an open flank that a link-up with Fiat Chrysler could shore up.
Initial contact with Elkann quickly turned into a more formal conversation as both sides realized the complementary nature of a combination. Renault promised a fleet of electrified cars, and Fiat Chrysler access to the U.S. market...………….Much more in the link