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Why Renault killed its home-grown EV start-up
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Why Renault killed its home-grown EV start-up
Ampere spin-off was supposed to generate huge profits but has been folded back into the Renault mothership Ampere was spun out of Renault at the end of 2023 to take control of the company’s EV and software development – but right from the start, investors were sceptical. “What’s the point?” asked Daniel Roeska, analyst at the bank Bernstein, following then Renault Group CEO Luca de Meo’s big pitch. The idea was that Ampere was to be a “new mode…
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