Renault cancels the IPO of its electric subsidiary Ampere. This is a major strategic turnaround for Renault and a new warning for the electric sector.
Renault does not need new money to finance the development of Ampère, the group's boss, Luca de Meo, stressed to journalists. “We have the money to move forward with the project as it is,” he said. Ford has announced the creation of an electric subsidiary, without specifying an IPO plan at this stage.