We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now


It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

RNO Renault SA

0.005 (0.01%)
23 Feb 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Renault SA EU:RNO Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.005 0.01% 37.605 37.40 37.635 37.885 37.35 37.635 740,715 16:40:00

Ampere Sets $10.88 Billion Revenue Target By 2025

15/11/2023 7:06am

Dow Jones News

Renault (EU:RNO)
Historical Stock Chart

From Aug 2023 to Feb 2024

Click Here for more Renault Charts.

By David Sachs


Ampere, Renault's newly independent electric-vehicle company, is targeting revenue of more than 10 billion euros ($10.88 billion) in 2025.

The French car maker, which was officially carved out form its parent company on Nov. 1, revealed the target amid several other financial and strategic goals on Wednesday.

Ampere is aiming to sell around 1 million vehicles in 2031 with a sales target of more than EUR25 billion that year, the company said.

The company expects profit and free cash flow to break even in 2025. It is targeting an operating margin of more than 10% from 2030 onward.

Ampere said that it aims for EV prices to match Renault's conventional cars, powered by internal combustion engines, by 2027 or 2028. Analysts consider price parity between gas-burning engines and EVs key to the electrification transition. Ampere aims to reduce costs of its C-segment electric cars by 40% between the first and second generation to achieve this goal.

Renault will keep a strong majority in Ampere's capital, the company said. Nissan and Mitsubishi Motors, its first cornerstone investors, have pledged up to EUR800 million to Ampere, and Qualcomm Technologies is considering investments, the company said.

Ampere's initial public offering is on track for the first half of 2024, subject to market conditions, the company said.


Write to David Sachs at


(END) Dow Jones Newswires

November 15, 2023 01:51 ET (06:51 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

1 Year Renault Chart

1 Year Renault Chart

1 Month Renault Chart

1 Month Renault Chart

Your Recent History

Delayed Upgrade Clock

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: +44 (0) 203 8794 460 |