Renault Has Held Encouraging Investor Meetings on EV Arm IPO
- Mitsubishi to detail investment in Ampere in coming weeks
- Company pushed back IPO plan after concerns on EV prices
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Renault SA said early feedback from potential investors in its planned initial public offering of its electric-vehicle unit has been positive, amid record first-half earning for the French carmaker.
Chief Executive Officer Luca de Meo, leading Renault through a turnaround for the past three years, has met with over 30 potential investors on its share sale plan for Ampere. The unit is set for a possible listing during the first half of next year, slightly later than an earlier timeline.