Amid challenging market and competitive pressures, Renault has set very ambitious financial targets for its electric vehicle (EV) Ampere unit. The company announced today that it aims to generate more than $10 billion in revenue by 2025. in the amount of euros. The announcement comes shortly before the IPO of the Ampere unit, which is scheduled for April-May 2024.
Renault CEO Luca de Meo is actively working to strengthen investor confidence Ampere, especially given recent concerns about sluggish EV demand and increasing competition from Chinese manufacturers. Despite these challenges, the company remains steadfast in its plans, but has indicated it may reprice the IPO if the valuation falls below $7 billion. euro, reports Investing.com.
2023-11-15 10:40:40
#Renault #setting #ambitious #revenue #target #ahead #units #IPO
