Renault announces overhaul for EV future

By Agence France-Presse

Nov 09, 2022 12:21 am

PARIS: Renault unveiled a sweeping green revamp on Tuesday, splitting its operations in two: a new electric vehicle (EV) unit and a subsidiary for gasoline, diesel and hybrid cars that will pair up with Chinese car manufacturer Geely.

The French automobile maker's flagship division following the reorganization will be Ampere, which will aim to produce a million EVs by 2031, the group said ahead of an investor day in Paris.

Renault Chief Executive Officer Luca de Meo addresses a Capital Market Day event in France’s capital Paris on Tuesday, Nov. 8, 2022. AFP PHOTO

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