Renault Group has announced the creation of a new business unit dedicated to electric vehicle (EV) development and technology ahead of a planned IPO.

Renault said the new unit – called Ampere – is a new model of automotive company, aiming to become the European leader in the high-growth market of electric vehicles.

The company also said that driven by tech, Ampere will develop a ‘horizontal model to be more agile and innovate faster’. The objective – Renault said – is to democratize EVs in Europe, with vehicles that people can afford.

Ampere will design fully electric vehicles for the European market, while ‘providing a unique customer experience’.

Renault said Ampere employs over 11,000 people – 35% of whom are engineers – who will design, develop, manufacture and market high-performance vehicles under the Renault brand to ‘bring about this large-scale transition to electric mobility’.

The business will be led by Renault’s chief executive, Luca de Meo, with Luciano Biondo as head of industrial operations.

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By GlobalData

Luca de Meo, CEO Ampere and Renault Group said: “Creating a new model of company specialising in electric vehicles and software running as of today: How better to illustrate our revolution and the boldness of our teams? Instil a sustainable corporate vision and ensure it is reflected in each and every process and product. Build on the Group’s strengths and review the way we do everything. Form a tight-knit team and work for the collective. Harness our French roots and become the leader in Europe. Assert our commitment to our customers, our planet and those living on it.

“The roadmap pursued by Ampere reflects the Group’s challenging ambitions and I am extremely proud to launch this major step forwards.”

Other automotive companies – such as Ford – have also embarked on restructuring for business units dedicated to the development and marketing of electric vehicles. As the market and industry transitions to EVs, the hope is that specialised and focused business units can concentrate efforts – away from the distraction of ICEs – for higher value and future competitive gain. A public listing would cement visibility for investors, but reports suggest a listing for Ampere is being delayed until at least the second half of 2024 when market conditions allow.

There is also a new Ampere website.

Renault also published a list of leaderships roles and occupants for the new unit:

Corporate

  • Josep-Maria Recasens, Chief Operating Officer
  • Cléa Martinet, VP Sustainability
  • Vincent Piquet, Chief Financial Officer
  • Benedicte Lenguin, Legal Councel
  • Estelle Guillot-Tantay, VP Communications
  • Alexandra Malak, VP People & Workplace

Technology & Operations

  • Luciano Biondo, VP Industrial Operations,
  • Emmanuelle Darot, VP Procurement
  • Laurence Excoffon, VP Quality
  • Luiz Quinalha, VP Manufacturing ElectriCity
  • Olivier Brosse Platform Global Leader, C Segment
  • Philippe Brunet, VP Powertrain & EV Engineering
  • Henry Bzeih, VP Software & Systems
  • Vittorio d’Arienzo, Platform Global Leader, B Segment
  • Luc Julia, Chief AI Officer
  • Christian Stein, VP Revenue Management & Customer Experience, Ampere
  • Gilles Vidal, VP Design, Renault Brand & Ampere

See also: Renault CEO adds Ampere to workload