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China's Evergrande says head of EV arm detained, Auto News, ET Auto

The head of heavily indebted Chinese property developer Evergrandes electric vehicle arm has been detained by authorities, the firm said Monday. News of Lius detention followed Evergrandes announcement in September that the firms chairman, Xu Jiayin, was "subject to mandatory measures" from Chinese authorities over "crimes".
Xu Jiayin Tv Arm Tv Maker Atv Unit V And Future Mobility

Renault sets out targets for EV unit, says won't sell it cheap, ET Auto

Renault: The group set out financial targets for the unit, including an expected break-even in 2025 and an operating margin of at least 10% from 2030, ahead of an investor day where it hopes to drum up support for an initial public offering slated for spring 2024. The plan has been complicated by slower demand for EVs, choppy markets and increased Chinese competition, with sources close to the deal telling Reuters last month CEO Luca de Meos hoped-for valuation of 8 to 10 billion euros looked ov...
Atv Unit Ev Startup Dtv Market Vs In Europe

What you need to know about Ampere, Renault's EV unit, Auto News, ET Auto

Having pioneered the market for first-generation electric vehicles with its long-time ally Nissan in the early 2010s, Renault has recently fallen behind pure players like Tesla and Chinese manufacturers as global competition for greener vehicles has picked up. Heres what you need to know about Ampere, a major plank of Renaults turnaround strategy, which is poised for a market listing next year.
Atv Unit Tv Maker Dtv Market Combustion Engine

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Nissan Renault Alliance: Nissan to invest up to 600 mn euro in new Renault EV unit, ET Auto

Nissan Renault Alliance: Nissan and Renault on Wednesday finalised the terms of their revamped alliance, with the Japanese automaker committing to invest up to 600 million euros ($663 million) in its partners electric vehicle unit Ampere. The agreement to conclude the terms of their overhauled partnership will put the two automakers on more equal footing and caps months of sometimes tense negotiations over issues such as the sharing of future intellectual property.
Nissan Renault Alliance Renault Ev Atv Unit Makoto Uchida

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