Ampere spin-off was supposed to generate huge profits but has been folded back into the Renault mothership
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Ampere was spun out of Renault at the end of 2023 to take control of the company’s EV and software development – but right from the start, investors were sceptical.
“What’s the point?” asked Daniel Roeska, analyst at the bank Bernstein, following then Renault Group CEO Luca de Meo’s big pitch.
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