Mitsubishi Motors to Invest in Ampere, Renault Group's New EV & Software Company

Mitsubishi Motors Corporation has announced its investment in Ampere, an EV and software company to be established by the Renault Group. The maximum investment in Ampere will be 200 million euros.

The investment comes as a step forward in its mid-term management plan announced in March 2023, where Mitsubishi Motors committed to the development of EVs and to strengthen cooperation with its Alliance with Renault and Nissan. .

Ampere is expected to have up a team of around 10,000 employees, of which one third will be engineers.

It's targeting 40% cost reduction on a car-by-car basis in next vehicles generation by 2027+.

Mitsubishi Motors launched the i-MiEV – the world's first mass-produced electric vehicle in 2009, followed by the Outlander PHEV – the world's first plug-in hybrid electric SUV in 2013.

In a press statement, Mitsubishi says: 'Through this initiative, Mitsubishi Motors aims to further improve its EV development technology and to expand its line-up of EV. As a first step of this collaboration, Ampere will supply an EV on an OEM basis in the European market'.

Mitsubishi Motors is a global automobile company based in Tokyo, Japan, which has about 30,000 employees and a global footprint with production facilities around the world.