Ampere, Renault's electric vehicle division, hopes to earn 10 billion euros by 2025
Ahead of an investor day intended to rally support for an IPO planned for spring 2024, the firm announced financial goals for the business, including an operating margin of at least 10% by 2030 and an anticipated break-even in 2025. formerly.
The French automaker Renault said on Wednesday that its Ampere electric vehicle division, which it intends to float on the market the next year, will surpass 25 billion euros and aim for sales of 10 billion euros ($10.8 billion) in 2025.
Ahead of an investor day intended to rally support for an IPO planned for spring 2024, the firm announced financial goals for the business, including an operating margin of at least 10% by 2030 and an anticipated break-even in 2025. formerly.
Renault's head of finance, Thierry Peyton, told reporters that if the market did not allow Ampere to reach the price that the company had anticipated, it would not sell the company at a loss and would look at other possibilities.
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