Renault shares jump after scrapping plans to list Ampere EV unit
Publishing timestamp: 2024-01-30 05:00:16
Summary
Renault's shares jumped 5% after the company canceled plans to publicly list its new electric vehicle and software business. Volkswagen confirmed it would move ahead with financing plans for its battery unit, PowerCo, but said it could be funded internally or via public markets. Both companies cited changing market conditions and the slowdown in EV sales as reasons for their decisions.
Sentiment: NEUTRAL
Tickers: TSLA, VOW3-DE, RNO-FR,
Keywords: tesla inc, autos, business, business news, renault sa, ipo, volkswagen ag,