Posted 10/19/2023, 7:17:37 AM
Renault Still Plans to List Electric Car Unit in 2023 Despite Choppy Markets
- Renault sticking to plan to list electric vehicle unit Ampere in 1H 2023 despite market jitters
- IPO still seen as "best window" despite shaky recent listings like Arm and Birkenstock
- Ampere IPO already postponed once due to lower Megane E-Tech demand, Tesla price cuts, Chinese competition
- Renault working to finalize rebalancing agreement with Nissan, freeing it to sell 28.4% Nissan stake
- Renault counting on 17 new models by 2025 to boost market share, gain momentum in EV transition