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NVK is now ready for prime time

As of today, NVK is now a conformant Vulkan 1.3 implementation on Turing (RTX 2000 and GTX 1600 series), Ampere (RTX 3000 series), and Ada (RTX 4000 series) GPUs.

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Renault, Geely expect to finalise engines tie-up this month

The deal is key for Renault which, despite an improved performance, is overshadowed by bigger rivals including Stellantis. It could bolster a legacy business that still accounts for most of Renault's income, while the company also tries to make headway with electric vehicles (EVs).

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Ampere IPO Proces: Renault slams brakes on listing of Ampere EV division, ET Auto

Ampere IPO Proces: In a sweeping overhaul unveiled in 2022, Renault decided to split off its electric vehicle unit into Ampere, hoping that running it as a separate company would make it more agile in the rapidly developing sector.

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Renault shares rise after carmaker calls off Ampere IPO

PARIS (Reuters) -Renault shares reversed early gains on Tuesday as investors digested the French carmaker's decision to ditch plans to list its electric vehicle arm Ampere due to stock market conditions. Several analysts said they viewed the news to scrap the initial public offering (IPO) as positive, noting it removed dilution risk for current shareholders and uncertainty over valuation amid challenging market conditions. Renault had also said on Monday it had enough cash to do without the stockmarket listing and would continue to fund the development of Ampere until it reaches break-even in 2025.

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Renault Group halts its IPO for Ampere due to market conditions

Renault Group has cancelled its initial public offering for Ampere due to the current equity market conditions and its need to generate more cash. In 2022, Renault had announced its intention to proceed with an IPO for Ampere, a company focused on electric vehicles and software. Renault noted that the decision has no impact on the financial guidance of group and its capital allocation strategy. "We are all focused on executing our strategy and building our track record to create value for all ou

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Renault shares rise after carmaker calls off Ampere IPO, Auto News, ET Auto

Renault said on Tuesday it had enough cash to do without the stockmarket listing and would continue to fund the development of Ampere until it reaches break-even in 2025.

Renault , Po , Mpere , V-maker , Mpere-ipo ,

Renault calls off IPO for electric vehicle unit Ampere

French carmaker Renault on Monday called off the IPO of its electric car and software subsidiary Ampere, saying the market conditions were no longer favourable. "Renault Group considers that the current equity market conditions are not met to optimally pursue the IPO process in the best interests of Renault Group, its shareholders and Ampere," a statement said. Renault had originally aimed for Ampere shares to begin trading in the first half of the year. Renault said it was committed to building

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Renault slams brakes on listing of Ampere EV division

French automaker Renault said Monday that it was halting the initial public offering of its EV unit Ampere, saying market conditions were unfavourable to list the company's shares.Ampere launched in November 2023 and plans were to list the unit's shares on the stock exchange in the first half of 2024 at an estimated valuation of eight to 10 billion euros, or as much as Renault.

France , French , Renault , Renault-group , Luca-de-meo , Mpere , Arket-conditions , Eparate-company ,

Renault Group sells 211 m Nissan shares for EUR 764 m, Auto News, ET Auto

This disposal fits in with Renault Group's capital allocation strategy, the company said.

France , French , Nissan , Alliance-agreement , Renault-group , New-alliance-agreement , Capital-market-day , Renault , Ew-alliance-agreement , Issan , Old-stakes

Nissan, Mitsubishi to Continue Partnership With Renault, Investing Millions in Its EV Unit Ampere

Nissan and Mitsubishi have confirmed their plans to invest in Renault's electric vehicle (EV) division, Ampere.

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