French car manufacturerRenault“announced an ambitious reorganization, which includes the creation of a new electric car manufacturing unit and a separate internal combustion engine car manufacturing company in collaboration with China’s Geely.
The content will continue after the announcement
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The electric car and software manufacturing unit “Ampere” is preparing for an initial public offering (IPO) on the Paris Stock Exchange in the second half of next year.
This company will employ around 10,000 people in France. people and will produce R5 and 4L electric cars in the north of the country.
At the same time, Renault plans to combine its hybrid and internal combustion car technology, manufacturing, research and development businesses with Chinese carmaker Zhejiang Geely Holding Group into a new company called Horse.
This company will have 17 manufacturing plants, five R&D centers on three continents and approximately 19,000 employees. It will supply parts to brands owned or affiliated with Renault and Geely, includingNissan“,”Mitsubishi“,”Volvo Auto “,” Renault “,”Dacia“,” Gelly Car“,” Lynk & Co. “and” Proto “.
