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Renault unit Ampere confirms its cost reduction targets

Published by Global Banking and Finance Review

Posted on October 7, 2025

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LARDY, France (Reuters) -Ampere, Renault's electric vehicle and software subsidiary, confirmed on Tuesday its cost reduction targets, which are central to the French automaker's transformation strategy.

"We are working on it; we haven't given up on doing that," said Josep Maria Recasens, CEO of Ampere, referring to the company's goal of reducing by 40% the cost of electric vehicles by 2028 and of achieving financial break-even this year.

Recasens was speaking during the inauguration of the group's battery laboratory close to Paris.

(Reporting by Gilles Guillaume; Writing by Benoit Van Overstraeten; Editing by Makini Brice)

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