Renault plans to shut down Ampere Holding, its electric vehicles and software division, and reintegrate these activities into the group’s core operations. The move aims to simplify internal organization, cut costs, and accelerate the rollout of future projects, sources told Reuters, as reported by Agerpres.
This would mark the second major strategic shift in less than a month under Renault’s new CEO, Francois Provost, who has revised key initiatives launched by his predecessor, Luca de Meo, now head of luxury group Kering.
In December, Renault decided to close its car-sharing services and slow down the rollout of fast-charging stations within its Mobilize subsidiary, which focuses on new mobility solutions. As part of the restructuring, energy and data-related activities will also be reintegrated into the core group, as investments are redirected toward more profitable projects.
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IPO cancellation reshapes governance model
Renault launched Ampere at the end of 2023 with the ambition of creating Europe’s first fully dedicated electric vehicle player. The original plan included a stock market listing, but the IPO was abandoned in 2024 due to an insufficient market valuation.
“Since there is no longer an IPO, there is no longer a need for a separate entity, which is why Renault is reintegrating everything to simplify and remove the inherent complexity of the original model,” the sources said.
Currently, Renault’s operations are split between Ampere, which handles EVs and software, and Horse, responsible for internal combustion and hybrid engines. Since September, Ampere has been led by Philippe Brunet, the group’s Chief Technology Officer.
The reorganization plan was presented to unions and is expected to take effect on July 1, with no impact on employment.
Photo: Economica
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