Renault Group will shut down its Ampere electric vehicle (EV) and software unit on the first day of July, two sources close to the matter told Reuters on Wednesday.
The report comes a month after the French Group dismantled its mobility services unit Mobilize.
François Provost, Renault’s CEO since last July, unveiled the consolidation plan to unions on Wednesday, noting that Ampere’s roughly 11,000 employees are not expected to face job cuts.
The French newspaper Les Echos reported earlier on Wednesday that a groupwide early retirement plan announced late last year will also mitigate any impact on the unit’s staff.
The French Confederation of Management – General Confederation of Executives (CFE-CGC) union, which represents Renault‘s engineers and other tech workers in France, also stated on Wednesday that “simplifying the organization of Ampere was necessary and expected.”
Renault management “is adapting the organization to the current reality,” the union added.
Ampere History
Created in 2023 by Renault Group, Ampere was designed to group all of Renault’s EV activities into a standalone company and to “democratize” fully electric vehicles in Europe, the company’s former CEO Luca de Meo described back in November 2023.
The initial goals consisted of lowering EV costs, increasing technology agility, and generating outside investment.
The former executive had planned Ampere to go public, but the operation was abandoned exactly two years ago, after failing to secure a sufficient valuation from investors.
At the time, Renault Group had also set financial targets for the unit, including revenue of over €10 billion – equivalent to $11.7 billion – by 2025, breakeven in 2026, revenue of $27 billion by 2031, and an operating margin of at least 10% from 2030 onward.
By abandoning the IPO, Ampere became redundant under the French Group, a contact close to the matter told Reuters.
“As there is no longer an IPO, there is no longer a need for a specific entity, which is why Renault is reintegrating everything in order to simplify and eliminate the complexity inherent in the initial model,” the source told the outlet.
In early September, the executive had also appointed Philippe Brunet as the combined head of engineering at both Ampere and Renault Group, signaling the merging of Ampere’s activities.
Under Philippe Brunet’s leadership, the entity is set to serve as the Renault Group’s advanced EV engineering center, encompassing two wholly-owned Renault subsidiaries: Ampere Energy and Ampere Software Technology.
Both the CFE-CGC union and media reports said that the automotive group will resume direct control of its northern France plants – Douai, Maubeuge, and Ruitz— producing EVs, such as the Renault 5 supermini and Scenic long-range SUV, and the Cléon powertrain facility.
Renault Group Sales
Last year, Renault Group sold over 2.3 million vehicles worldwide across all powertrains last year – a 3.2% increase compared to 2024.
New-energy vehicles (NEV) represented a quarter of the company’s overall 2025 deliveries, with approximately 400,000 hybrid electric vehicles (HEV) and 194,000 battery-electric vehicles (BEV).
The figures represented a year-on-year increase of 35.1% for hybrid units and of 76.7% for fully electric ones.
