Renault Group decides to cancel Ampere’s IPO and confirms its EV and software strategy - Seite 2

“I’m extremely proud of our teams who created in less than 2 years the best answer to top global players competition with Ampere. By setting up a 100% focused EV and software business, we built in record time an agile and competitive entity. We have the start-up mindset which allows us to constantly innovate. This is exactly what will make Ampere successful in this new challenging environment. Today, we took a pragmatic decision. We are all focused on executing our strategy and building our track record to create value for all our stakeholders.” said Luca de Meo, CEO Renault Group & CEO Ampere

Luca de Meo, CEO of Renault Group, and Thierry Piéton, CFO of Renault Group, will host a visio conference at 6.30pm Paris time: Access to conference streaming.

About Renault Group

Renault Group is at the forefront of a mobility that is reinventing itself. Strengthened by its alliance with Nissan and Mitsubishi Motors, and its unique expertise in electrification, Renault Group comprises 4 complementary brands - Renault, Dacia, Alpine and Mobilize - offering sustainable and innovative mobility solutions to its customers. Established in more than 130 countries, the Group has sold more than 2.235 million vehicles in 2023. It employs nearly 106,000 people who embody its Purpose every day, so that mobility brings people closer.
Ready to pursue challenges both on the road and in competition, Renault Group is committed to an ambitious transformation that will generate value. This is centred on the development of new technologies and services, and a new range of even more competitive, balanced, and electrified vehicles. In line with environmental challenges, the Group’s ambition is to achieve carbon neutrality in Europe by 2040.
https://www.renaultgroup.com/en/

RENAULT GROUP INVESTOR RELATIONS		Philippine de Schonen [phone] [e-mail]
RENAULT GROUP PRESS RELATIONS		Rie Yamane [phone] [e-mail]

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• 20240129_Press Release_Renault Group_Ampere IPO Cancellation_Strategy confirmation