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Renault unit launches EV industry investment fund with Chinese partners - Finance news and analysis from Global Banking & Finance Review
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Renault unit launches EV industry investment fund with Chinese partners

Published by Global Banking & Finance Review

Posted on July 10, 2025

1 min read

· Last updated: July 10, 2025

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Renault's Ampere Partners with Chinese Firms to Launch EV Fund

BEIJING (Reuters) -Renault's electric vehicle business Ampere signed a deal on Thursday with Chinese partners, including CICC Capital PE, in China's eastern city of Hangzhou to launch an EV industry investment fund.

The fund will focus on batteries, smart driving, smart cockpits and embodied intelligence, among other cutting-edge fields, the French automaker said in a statement. The size of the fund was not disclosed.

(Reporting by Beijing newsroom; Editing by Jacqueline Wong)

Key Takeaways

  • Renault's Ampere partners with Chinese firms for an EV fund.
  • The fund focuses on batteries, smart driving, and intelligence.
  • The deal was signed in Hangzhou, China.
  • CICC Capital PE is among the Chinese partners.
  • The fund's size has not been disclosed.

Frequently Asked Questions

What is the purpose of the new investment fund launched by Renault?
The fund will focus on batteries, smart driving, smart cockpits, and embodied intelligence, among other cutting-edge fields.
Who are Renault's partners in this investment fund?
Renault's electric vehicle business Ampere signed a deal with Chinese partners, including CICC Capital PE.
Where was the investment fund launched?
The investment fund was launched in Hangzhou, a city in eastern China.

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