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Renault CEO: Ampere unit start timing is "ideally" by end of 2023

Published 02/16/2023, 04:54 PM
Updated 02/16/2023, 04:58 PM
© Reuters. FILE PHOTO: Renault Chief Executive Luca De Meo speaks during the French carmaker Renault's 2022 annual results presentation in Boulogne-Billancourt, near Paris, France, Feburary 16, 2023. REUTERS/Christian Hartmann
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© Reuters. FILE PHOTO: Renault Chief Executive Luca De Meo speaks during the French carmaker Renault's 2022 annual results presentation in Boulogne-Billancourt, near Paris, France, Feburary 16, 2023. REUTERS/Christian Hartmann

PARIS (Reuters) - Renault (EPA:RENA)'s preparation efforts for carving-out its combustion engine unit are going "smoothly" and should be completed by the summer, Chief Executive Luca de Meo said on Thursday.

Asked on the timing for Renault's planned new electric vehicle business dubbed "Ampere", de Meo said it should be ready by the end of 2023, but would still be "depending on market conditions."

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