Sources have said Renault's future electric vehicle unit, Ampere, could be valued up to 10 billion euros 10 billion euros, but De Meo said it was still the plan to do the listing from the end of 2023. The projects are progressing well. And we have created a solid and excellent relationship with Makoto Uchida, he said.
Renault's Ampere unit valued at 10 billion euros
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8 Comments
BuggaBoom
Not clear why Porsche's 10% free float is being used as a reference point, as the two companies may have different circumstances and needs.
KittyKat
Acknowledges the competitive landscape for electric vehicles, suggesting Renault is aware of the challenges its spinoff will face.
BuggaBoom
Provides an update on Renault's plans for its electric vehicle spinoff, indicating that the company is moving forward with confidence.
KittyKat
Offers Porsche's IPO as an example of how a luxury automaker handled its listing, providing context for Renault's decision-making process.
BuggaBoom
No explanation of how a higher percentage of free float will ensure liquidity.
Loubianka
Offers no insight into why retaining a significant majority is important for Renault's electric vehicle spinoff.
Shrilanka
Suggests a solid and excellent relationship with Nissan and its CEO, potentially indicating strong partnerships for the future.
Amatus
Fails to address the concerns of existing shareholders who may be negatively impacted by the IPO.