Renault's Ampere Unit to Launch 'Legend' Urban EV as Part of its Line-up

Renualt's Ampere unit has set out its plans to launch seven vehicles by 2031. The line-up includes 'Legend', an urban electric vehicle with 10 kWh/100km.

Made in Europe, the car will be offered at an entry price below €20k (before subsidies).

Ampere is an Electric Vehicles (EV) and software company, which designs, engineers, manufactures and markets electric passenger cars under the Renault brand in Europe.

From a target of 300,000 vehicles sales in 2025, Ampere expects to sell 1 million vehicles in 2031, reaching a market share of 10%.

Beyond its own line-up, Ampere is also designed to be a technological, manufacturing and business platform serving brands other than Renault thanks to the flexibility of the manufacturing lines, the modularity of the two platforms and the competitiveness of the cost base.

Ampere will produce at least two models for Alpine, the next Micra for Nissan and another model for Mitsubishi Motors.

It will also support the Dacia electrification journey and will provide software solutions for the entire Renault Group.

Luca de Meo, Chief Executive Officer of Renault Group, says: "In the true spirit of Renault, Ampere is engineered to make electric and connected cars affordable for all, addressing the imperatives of energy transition and seizing the growth opportunities on the market.Ampere is first about striving for technological excellence and customer experience: two EV-native platforms, a powerful line-up of seven cars, a new generation of centralized electronic architecture, an advanced Android-based software suite, and the most compact and efficient supply and manufacturing EV ecosystem, all created in Europe."

"The recent carve-out, successfully completed two weeks ago, is a first significant milestone for us, and we are preparing the next strategic move: the IPO is an opportunity to further accelerate the development of Ampere without drawing on Renault Group resources and it allows Renault Group to accelerate on the roadmap to reward its shareholders.” adds Thierry Piéton, Chief Financial Officer of Renault Group.

Ampere was carved-out or Renault on November 1^st, 2023, making it an autonomous company and the first European EV and software pure player.