and two as-yet-unannounced models. Renault Group says that a large portion of the investments in the first four vehicles has already been spent.
In 2031, Ampere targets a production of around 1 million EVs for the Renault brand. The carmaker expects Ampere to achieve above 30 percent of compound annual growth rate in the 10 years to come.
Thanks to its European-based supply chain, Ampere says it will partner"with the most relevant partners" to secure the supply for more than 80 GWh required for its cars by 2030. From 10 percent coverage of the EV value chain in 2020, it is now above 30 percent and will reach 80 percent by 2030. In terms of SDV tech, Renault Group will launch its first open and horizontal SDV in 2026 with help from two major tech players, Qualcomm Technologies and Google. The former will help the carmaker develop high-performance computing platforms based on Snapdragon Digital Chassis solutions for the Centralized Electronic Architecture. This includes System on Chip and low layers software in addition to features, in-car services and applications.
In the short term, Renault Group plans to float Ampere on the Paris stock exchange in the second half of 2023. The automaker will keep a"strong" majority of shares for itself and welcome the support of potential strategic cornerstone investors, including Qualcomm.