The group - in which the French state and carmaker Nissan each own 15 percent - has still to outline the part that its Japanese partner will play in the new electric division.įinancing electric drive - For hybrid and internal-combustion vehicles, Renault plans to combine its technological, manufacturing and research and development activities with Chinese automaker Geely. Renault said it would list Ampere on the Euronext Paris stock exchange in the latter half of 2023 and invite investment but will retain "a strong majority". Ampere will produce the new Renault 5 and Renault 4 among other models in northern France and will target more than 30-percent growth annually over the next eight years and to break even by 2025.
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