Renault Plans IPO Of Ampere EV Unit In Spring 2024, CEO Says

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Renault Plans IPO Of Ampere EV Unit In Spring 2024, CEO Says
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Ampere's spinoff is part of a broader overhaul at Renault that will see the EV business break away from its traditional ICE operations as it transitions to EVs.

In November 2022, Renault announced Ampere, a new EV and software standalone business unit named after French physicist and mathematician André-Marie Ampère.which was a pretty strong indication that an initial public offering would follow eventually.has confirmed that's the plan earlier this week, announcing that Renault is looking to list its Ampere EV business on the stock market in the spring of 2024.

under a finalized deal to restructure the companies' longstanding alliance. It remains to be seen what percentage of shares the Japanese company will acquire for this sum.This will see Nissan become a"strategic investor" in Ampere and have a seat on its board. During previous talks about the reorganization of the Renault Nissan Alliance, it was agreed that the Japanese automaker could take a stake of up to 15 percent in Ampere.

Currently, Renault holds 43 percent of Nissan while Nissan holds 15 percent of Renault. Mitsubishi, in which Nissan holds a controlling stake of 34 percent, said it was also studying a possible stake in Ampere.

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