Renault's Ampere to Launch Affordable EV, Aims for €10 Billion in Revenues by 2025

The new electric vehicle unit plans an IPO next year, but will not proceed if the valuation is too low, according to CEO Luca de Meo.

Renault's new electric vehicle (EV) unit, Ampere, plans to launch a new affordable city car, the Legend, priced under €20,000 ($22,000), aiming to make EVs accessible to all.
Ampere aims to reduce production costs by 40% by 2027-28, and envisions a software-driven car by 2026 that remains constantly connected to the cloud for over-the-air software updates.
Renault plans to list Ampere on the market next year, forecasting €10 billion in revenues in 2025, more than doubling to €25 billion in 2031.
Renault CEO, Luca de Meo, stated that the company will not proceed with the IPO if the valuation is too low, aiming for a valuation of 8-10 billion euros.
Ampere plans to offer a total of seven models by 2031, including the electric Mégane E-Tech, Scenic, R5 and R4, the Legend, and two other models to be announced.