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Country: France
The Renault group is to split up and create Ampère, a company specializing in the manufacture of electric vehicles, which will be listed on the stock exchange
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Renault Ampère, the "made in France" 100% electric challenge 25/11/2023
- Number of models in the Ampère range: seven
- Sales target for Ampère: over 10 billion euros by 2025, rising to 25 billion euros by 2031
- Ampère vehicle sales forecast: around 300,000 vehicles in 2025 and around 1 million in 2031
- Ampère will produce an electric Micra for Nissan and a C-segment vehicle for Mitsubishi.
Automotive: 5 things you need to know about Ampere, Renaul's new electric subsidiary 01/11/2023
- Renault has created Ampere, a subsidiary with 10,000 employees, dedicated to electric vehicles and software solutions.
- Ampere is planning an IPO in the first half of 2024, with part of the subsidiary's capital held by Renault.
- Renault is hoping for a total valuation of between 8 and 10 billion euros for Ampere.
- Analysts at UBS value Ampere at between 3 and 4 billion euros.
- Nissan has invested up to 600 million euros in Ampere, while Mitsubishi has invested a maximum of 200 million euros.
- Renault aims to cut unit costs by 40% by 2027, and reduce vehicle production time to "less than ten hours".
- Ampere plans to reduce the diversity of parts used in its models by 30%.
- Renault estimates ElectriCity's annual production capacity at 400,000 "from day one", and is aiming for one million by 2030.
- Four new models are scheduled for launch
Renault bets more than ever on Ampere, its future electric subsidiary 28/06/2023
- The total value of the Ampere subsidiary could reach 10 billion euros.
- Renault currently holds a 43% stake in Nissan.
- Nissan could acquire up to a 15% stake in Ampere.
- Ampere's IPO is scheduled for the second half of 2023 at the earliest.
Renault chooses Luca de Meo to head its electric subsidiary Ampere 20/06/2023
- Luca de Meo, currently CEO of Renault, will head the new electric subsidiary Ampere.
- Ampere's IPO is scheduled for the second half of 2023 at the earliest.
- Alliance partners Nissan and Mitsubishi to invest in Ampere.
- Renault forecasts annual growth of over 30% for Ampere over the next eight years.
- Ampere will employ 10,000 people in France.
- The subsidiary will produce models such as the electric Mégane, Renault 5, Renault 4 and Scénic.
- Renault is aiming for a 100% electric range in Europe by 2030.
- Ampere will be responsible for battery procurement and software design, in partnership with Google and Qualcomm.