[HIGHLIGHTS] Electric cars, the industry reviews programs and investments - Industry and Analysis

2024-01-30T11:30:13.919Z

Luca de Meo, CEO of the Renault Group, announced the cancellation of the stock market listing of Ampere, the company created to be the European 'pure player' of electric vehicles and software. Today there were rumors - reported by Automotive News Europe - about a similar decision that Volkswagen AG may take regarding the IPO for its PowerCo battery unit.

These are two strong signals on the criticality of the transition towards electric-only mobility and on the industry's concerns regarding the profitability of the sector.

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