Renault SA

RNO: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€67.00	Ncsv	Gcjnjrqqg

Renault: Cancels Ampere Initial Public Offering but Unrelated Model Changes Lower FVE to EUR 88

Richard Hilgert

Feb 9, 2024

No-moat-rated Renault announced that it canceled the IPO of Ampere, its battery electric vehicle and software operating unit. Management says that it decided not to progress with the IPO because Renault group cash flow looks better than previously expected (but gave no figures) so raising capital was no longer needed. Management also said that agreements with Nissan, Mitsubishi, and Qualcomm would still allow them, if they choose so, to invest in Ampere.

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