{"componentChunkName":"component---src-templates-blog-post-js","path":"/blog/renault-picks-managers-to-prepare-ev-business-for-ipo/","result":{"data":{"site":{"siteMetadata":{"title":"No Frills News"}},"contentfulNfnPost":{"postTitle":"Renault picks managers to prepare EV business for IPO","slug":"renault-picks-managers-to-prepare-ev-business-for-ipo","createdLocal":"2023-03-11 14:30:55.726682","publishDate":"2023-03-10 11:45:04-05:00","feedName":"Autonomous Vehicle News","sourceUrl":{"sourceUrl":"https://europe.autonews.com/automakers/renault-picks-managers-prepare-ev-business-ipo"},"postSummary":{"childMarkdownRemark":{"html":"<p>Renault CEO Luca de Meo has picked officials including a former Apple executive to help him prepare the Ampere electric-vehicle business for an initial public offering, according to people familiar with the situation.\nDe Meo has already selected around 15 in-house managers for the Ampere project he is leading, said the people, who asked not to be named discussing internal company matters.\nThe managers are still busy with the entity's carve out and will also continue in their day-to-day jobs, they said.\nRenault is in the middle of a sweeping overhaul to raise funds for EV development and narrow the gap with bigger rival Stellantis.\nRenault is aiming for a roughly 10 billion euros ($10.6 billion) valuation, Bloomberg reported in November.</p>"}}}},"pageContext":{"slug":"renault-picks-managers-to-prepare-ev-business-for-ipo"}}}