PARIS (Reuters) – Renault is not ruling out listing its Alpine sports division on the stock market, similar to the process initiated for its “Ampère” electric vehicle and software entity, but will not do so until the new range is completed. will not be deployed, Luca de Meo said on Wednesday.
Asked at the “Future of the car” summit organized by the Financial Times about the prospect of other IPOs of Renault activities, the managing director of the diamond group replied: “We have not decided, but I think that Alpine potentially could.”
“But it would take time before we were able to show investors the power of the project and the opportunity it gives them,” he added.
Currently confined to a single model since the recent relaunch of this brand, world rally champion in 1973, Alpine will expand in a few years under the leadership of Luca de Meo.
The group unveiled on Tuesday evening a concept car prefiguring the A290, an electric city car derived from the future Renault 5 and scheduled for 2024.
A compact GT crossover will follow in 2025 and a new A110 berlinetta in 2026, also 100% electric, followed in the years after by two more imposing crossovers positioned in the two larger segments of the automotive market.
Luca de Meo reiterated that Alpine could offer the Renault group an opportunity to enter the American market.
To stay in the race for the electrification and automation of cars, which requires significant investment, the French car manufacturer is increasing technological partnerships beyond its historic alliance with Nissan.
The overhaul of this alliance, presented in February, has yet to be signed definitively.
Renault’s new strategy applies to the group’s five new entities: Ampère, Power-Horse for internal combustion engines, Alpine, Mobilize (new mobility and financing) and the circular economy.
“The general philosophy is that we try to open the capital of these (entities) because we are not only looking for a smarter way to finance these projects, but because we are also looking for cooperations with strategic industrial investors who can help us to achieve excellence”, continued Luca de Meo.
(Gilles Guillaume report, edited by Kate Entringer)
Copyright © 2023 Thomson Reuters
Are you following this action?
Receive all information about RENAULT in real time: