Ampere (company)

Last updated

Ampere
Company type Subsidiary (autonomous business)
IndustryElectric vehicles
FoundedNovember 8, 2022;2 years ago (2022-11-08) (official announcement)
1 November 2023 (officially separated) [1]
Headquarters
France [2]
Area served
Europe
Number of employees
10,000 [3]
Parent Renault
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]

Contents

Announced on 8 November 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

Launch event of the Renault 5 E-Tech at the 2024 Geneva International Motor Show Renault, GIMS 2024, Le Grand-Saconnex (GIMS0030-5).jpg
Launch event of the Renault 5 E-Tech at the 2024 Geneva International Motor Show

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". [4]

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

Proposed models

In production

Future

References

  1. ↑ "Renault Hopes Ampere EV Unit Will Go Public Next Year | Carscoops".
  2. ↑ FERRIERE, Florent (8 November 2022). "Renault présente Ampere, un nouveau constructeur français dédié à l'électrique" [Renault presents Ampere, a new French manufacturer dedicated to electric vehicles].
  3. 1 2 3 "Renault launches Ampere electric car business unit and Geely ICE joint-venture". Auto Express.
  4. 1 2 "Renault Group decides to cancel Ampere's IPO and confirms its EV and software strategy". Newsroom Renault Group. 29 January 2024. Retrieved 28 February 2024.
  5. ↑ Page, Felix (8 November 2022). "Renault creates new company Ampere to lead EV, software push" . Autocar . Retrieved 12 September 2023.
  6. ↑ "Renault moves ahead with restructuring e-mobility business". electrive.com. 8 November 2022.
  7. ↑ "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". GlobeNewswire News Room (Press release). 8 November 2022.
  9. ↑ "Mitsubishi Ends Chinese Joint Venture, Makes $213 Million Investment In Renault's EV Arm | Carscoops".
  10. ↑ "This is more than a prototype - With the Twingo E-Tech electric prototype, Renault introduces the latest-generation Twingo". Renault Group.
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