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Renault

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  Renault RNO 0.36%increase; green up pointing triangle is moving ahead with publicly listing Ampere, its electric-car unit, but some analysts think an IPO could be the wrong road forward. The French automaker is setting Ampere up to become Europe’s top electric-vehicle producer by making cheaper cars than its rivals to attract more consumers than just the early EV adopters, according to Chief Executive Luca de Meo, who is also the head of Renault. An IPO, scheduled for spring 2024, would help with focus and accountability that a company embedded inside Renault can’t offer, he said during a call with reporters earlier this month. While analysts generally agree that Renault is right to separate the EV business from the 124-year-old car maker, they have questioned the decision for an IPO at a time of uncertainty around demand and pricing, and for a business that Renault said is fully funded. Renault, which said it will own a “strong majority” in Ampere, risks diluting the share value...
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