Headlines
Renault unit Ampere confirms its cost reduction targets
Published by Global Banking and Finance Review
Posted on October 7, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on October 7, 2025
1 min readLast updated: January 21, 2026
Renault's Ampere confirms plans to cut electric vehicle costs by 40% by 2028, aiming for financial break-even this year, as part of its strategic transformation.
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)
Cost reduction refers to the process of decreasing expenses while maintaining the same level of output or quality. It is often a key strategy for companies to improve profitability and efficiency.
An electric vehicle (EV) is a type of vehicle that is powered entirely or partially by electricity. EVs are known for being more environmentally friendly compared to traditional gasoline-powered vehicles.
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