Overview

• 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.