Renault Selects Financial Institutions for Initial Public Offering of Electric Vehicle Company Ampere

Renault to List EV Business Ampere

French carmaker Renault is reportedly planning to list its electric vehicle (EV) business Ampere on the Paris stock exchange. The listing is expected to take place in 2024 and is part of the company’s strategy to focus on electric vehicles and autonomous driving.

Background

Renault is one of the world’s leading carmakers and has been in business for over a century. The company has a long history of innovation and has been at the forefront of the electric vehicle revolution. In 2019, Renault launched its first all-electric car, the Zoe, and has since expanded its EV lineup with the Twizy, the Kangoo Z.E., and the Captur E-Tech.

Ampere

In 2020, Renault launched Ampere, a new business unit dedicated to the development and production of electric vehicles. The company has invested heavily in the new venture, with plans to invest €2 billion over the next five years. Ampere is expected to become a major player in the EV market, with a focus on developing and producing electric vehicles for both the consumer and commercial markets.

Listing Plans

Renault is now reportedly planning to list Ampere on the Paris stock exchange. The listing is expected to take place in 2024 and is part of the company’s strategy to focus on electric vehicles and autonomous driving. The listing is expected to raise funds for the company to invest in research and development of new EV technologies.

Banking Partners

Renault has reportedly chosen BNP Paribas, Goldman Sachs Group Inc., and JPMorgan Chase & Co. as its banking partners for the listing. The banks will be responsible for managing the listing process and helping the company to raise the necessary funds.

Outlook

The listing of Ampere is expected to be a major milestone for Renault and the EV industry as a whole. The listing is expected to raise funds for the company to invest in research and development of new EV technologies, which could help to accelerate the adoption of electric vehicles. It is also expected to provide a boost to the Paris stock exchange, as well as the French economy.