Currently reading: Renault cancels IPO for Ampere EV division

Firm says market conditions are no longer suitable for a public listing

Renault has cancelled the planned listing of its Ampere EV division citing “current equity market conditions”.

Renault had planned to spin off the division in the first quarter of 2024 with the aim of generating cash to fund the ambitious roll-out of new electric cars as well as a new digital platform to boost software performance.

CEO Luca de Meo last year called it a “fundamental reshuffle of our business model.”

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