Renault to fold Ampere EV and software unit back into group – report

Core Viewpoint - Renault is set to dissolve its electric vehicle and software arm, Ampere Holding, and integrate its operations into the broader group starting July 1, aiming to streamline the organization, cut costs, and expedite future project implementations [1]. Group 1: Organizational Changes - This decision marks the second significant strategic shift under new CEO François Provost, moving away from the strategies of former CEO Luca de Meo, who left to join Kering [2]. - In December, Renault announced the closure of its Mobilize subsidiary's car-sharing operations, with its energy and data businesses being reintegrated into the main group [2]. Group 2: Ampere's Background and Future - Ampere was launched in November 2023 as Europe's first dedicated business for electric vehicles and software, with plans for an initial public offering (IPO) that was later abandoned in early 2024 due to inadequate market valuations [3]. - Following the cancellation of the IPO, Renault indicated that this would allow for a review of Ampere's governance and operational model, aiming to streamline its structure while enhancing its contributions [4]. - Ampere is now expected to function as Renault's advanced engineering hub for electric vehicles and software, led by Renault Group CTO Philippe Brunet since September [4]. Group 3: Production and Employment - The electricity division plants in northern France and the engine facility will revert to being direct subsidiaries of Renault [5]. - The reorganization has been communicated to trade unions, and it is not anticipated to alter employment conditions or contracts for most affected employees [5]. - Recently, Renault introduced its new Filante hybrid crossover vehicle, which will be produced at Renault Korea's Busan plant and is set to launch in South Korea in March 2026, followed by shipments to South America and the Gulf States [6].