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Renault Cancels IPO Plans for Ampere

The French automaker says it plans to continue funding the EV unit until the autonomous business reaches break-even in 2025. The French automaker says it plans to continue funding the EV unit until the autonomous business reaches break-even in 2025. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all…

Renault shares jump after scrapping plans to list Ampere EV unit

A Renault Scenic electric vehicle (EV) at the Munich Motor Show (IAA) in Munich, Germany, on Tuesday, Sept. 5, 2023.Bloomberg | Getty ImagesShares of French car maker Renault jumped 5% in early deals on Tuesday, after the company canceled plans to publicly list its new electric vehicle and software business.Renault said Monday that it would no longer hold an initial public offering of its Ampere unit, which chief executive Luca de Meo had previously positioned as a 10 billion euro ($10.8 billion) rival to Tesla and…

Renault cancels Ampere IPO but still launching 7 new models

French automaker Renault just canceled its planned IPO for its EV spinoff Ampere. While the IPO was scheduled for the first part of this year with an expected valuation of up to €10 billion ($10.47 billion), Renault says that market conditions aren’t optimal to make the move. The close of trading today in Europe brought a new announcement from CEO Luca de Meo, who added that the cancellation of the IPO wouldn’t affect the company’s EV and software strategy.  Renault plans to continue to put…

Renault slams brakes on listing of Ampere EV division

Renault had wanted to spin off its electric vehicle unit into Ampere, hoping that running it as a separate company would make it more agile in the rapidly developing sector. French automaker Renault said Monday that it was halting the initial public offering of its EV unit Ampere, saying market conditions were unfavorable to list the company's shares.…

Want to know your smartphone charging speed? Ampere app can help you do so, know how

The battery life is one of the most crucial aspects of any smartphone. The faster it charges and longer it lasts, the better user experience it can provide. This has been the case for years and isn't likely to change. What has changed in the last few years is the charging speed. Today, a decent smartphone can get juiced up from 0-100 percent in about an hour, a feat that previously took multiple hours to achieve. This improvement has come courtesy of developments in battery charging technology. While most smartphones…

Ampere Magnus EV scooter catches fire in the middle of the road

While electric two-wheelers are anticipated to represent the future of mobility on two wheels, numerous incidents have highlighted the lack of safety checks and subpar quality in these vehicles. Electric two-wheelers from nearly all domestic brands have faced scrutiny due to instances of spontaneous combustion. A recent case involving an Ampere Magnus EX electric scooter catching fire has captured the attention of netizens. @futureiselectr2 @GreavesCottonIN @airnewsalerts @ABPNews @aajtak @ampere_ev @EVehiclesindia…

Renault hopes to chase down Tesla with EV unit Ampere

In a big hopeful move to catch up to Tesla and Chinese manufacturers, French automaker Renault has officially separated its newly formed EV unit Ampere from the rest of the business. The company has announced its executive team, launched a new logo, and set up some highly ambitious goals as it readies its IPO – although tough market conditions won’t make this an easy affair. In a press release, Ampere announced that it employs more than 11,000 people, with a third of those engineers. The…

Ampere Electric Scooters Witness Price Hike, Impact on Demand Expected to be Minimal

Last Updated: June 02, 2023, 17:23 ISTAmpere Electric Scooters Witness Price Surge (Photo: Ampere)The price adjustments for Ampere electric scooters are primarily a result of the revision in the FAME II subsidyIn a turn of events, Ampere Electric Scooters has announced a significant increase in the prices of their popular models. As the electric vehicle industry faces changes in government policies and subsidies, Ampere has had to adjust its pricing to align with the revised FAME II subsidy scheme.The price hike ranges…

Renault Seeks to Upgrade Software to Compete with Tesla in US Market

Published By: Paras YadavLast Updated: April 25, 2023, 14:39 ISTRenault New Technology (Photo: Renault)A "software-defined vehicle" design will be at the heart of Renault's future electric-vehicle entity, "Ampere," the French automaker Renault saidRenault on Monday detailed the new software architecture of its future vehicles which it said will be on par by 2026 with that of electric-vehicle industry leader Tesla Inc.The French carmaker, like most automakers, has been living for months under the threat of regular and

Ampere Magnus EX electric scooter breaks into two halves while riding

The popularity of electric scooters has soared in recent times, but so have the concerns regarding their quality checks. Many new players in the electric scooter market have come under scrutiny for this, with Ampere Electric being the latest addition to the list. In a recent incident, the owner of an Ampere Magnus EX electric scooter claimed that his scooter broke in half while he was riding it, and the visuals of the incident have gone viral on YouTube. The video clearly shows the chassis of the scooter broken into…