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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

News

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.

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