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Renault scraps Ampere IPO

ArenaEV
Renault Group, a prominent player in the automotive industry, has decided to pull the plug on its much-anticipated IPO for the Ampere electric vehicle unit. The reason cited is that “current market conditions are not met” for a successful public listing. CEO Luca de Meo, in a news release, made it clear that this decision won’t hamper Renault’s electric vehicle… Read more…

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