The beloved French car manufacturer, Renault, is set to take on the electric vehicle market in a big way with the revival of its iconic Renault 5 model. The decision comes at a time when Chinese EV companies are dominating the market with their innovative and affordable electric vehicles.
Renault, the renowned French automobile manufacturer, has decided to cancel its planned Initial Public Offering (IPO) of its electric vehicle (EV) unit, Ampere. This surprising move comes as a result of mounting uncertainties in the global market, putting a halt to Renault’s intentions of raising funds for its EV subsidiary.
Renault, the renowned automobile manufacturer, announced yesterday that it is canceling the initial public offering (IPO) for its electric vehicle subsidiary, Ampere. The decision comes as a response to the current unpredictable and volatile market conditions. Despite this setback, Renault is determined to forge ahead with its plans for expansion and is gearing up to launch seven new exciting models in the coming months.
