Ampere (company) explained

Ampere
Type:Subsidiary (autonomous business)
Industry:Electric vehicles
Founded: (official announcement)
November 1, 2023 (officially separated)[1]
Hq Location Country:France[2]
Area Served:Europe
Parent:Renault
Num Employees:10,000[3]
Website:https://www.ampere.cars/en/

Ampere is an electric vehicle and software company formed in 2023 by Groupe Renault as part of the third phase of its "Renaulution" recovery plan. Renault originally planned to spin off Ampere and proceed with an IPO but canceled these plans in January 2024 but is operated as an autonomous business.[4] Ampere is set to develop and supply vehicles, initially for Renault.[5] [6]

Announced on November 8, 2022, Ampere is part of Luca de Meo's "reinvention" plans,[7] which see the company shift its focus to become what he calls "a next-generation car company".[8]

By developing Ampere as its own entity, Groupe Renault says it is creating "the first pure EV and software player born from an OEM disruption".

Platforms

AmpR Small

Formerly known as the CMF-B EV platform.

Applications

AmpR Medium

Formerly known as the CMF-EV platform.

Applications

History

Renault planned to list the company on the Paris stock exchange from the second half of 2023, retaining a majority stake.[3] However, on 29 January 2024 cancelled plans for the IPO citing "current equity market conditions".

Mitsubishi announced in October 2023 that it would invest up to 200 million euros ($213 million) in Ampere.[9]

Proposed models

In production

Future

Notes and References

  1. Web site: Renault Hopes Ampere EV Unit Will Go Public Next Year | Carscoops.
  2. Web site: Renault présente Ampere, un nouveau constructeur français dédié à l'électrique . Renault presents Ampere, a new French manufacturer dedicated to electric vehicles . Florent . FERRIERE . November 8, 2022 .
  3. Web site: Renault launches Ampere electric car business unit and Geely ICE joint-venture. Auto Express.
  4. Web site: 29 January 2024 . Renault Group decides to cancel Ampere's IPO and confirms its EV and software strategy . 2024-02-28 . Newsroom Renault Group.
  5. Web site: Page . Felix . 8 November 2022 . Renault creates new company Ampere to lead EV, software push . subscription . 12 September 2023 . Autocar.
  6. Web site: Renault moves ahead with restructuring e-mobility business. November 8, 2022. electrive.com.
  7. Web site: Renault se "sparge" în cinci entități pentru a deveni mai profitabilă și va colabora pentru motoare termice cu chinezii de la Geely. economie.hotnews.ro.
  8. Renault Group: Qualcomm and Renault Group intend to extend their strategic cooperation to Renault's new electric and software company, Ampere, to co-develop a centralized platform architecture for software-defined electric vehicles powered. November 8, 2022. GlobeNewswire News Room.
  9. Web site: Mitsubishi Ends Chinese Joint Venture, Makes $213 Million Investment In Renault’s EV Arm | Carscoops.