Nissan Motor Co., Ltd. (TSE:7201) is considering taking an equity stake in the Ampere unit, which could be listed on the stock market at the end of 2023, Renault S. A (ENXTPA:RNO) Chief Financial Officer Thierry Pieton told an investor presentation on November 8, 2022. The scale of Renault's planned overhaul- encompassing the gasoline engine business it has code-named "Horse" and the electric one code-named "Ampere" - speaks to the pressure automakers now feel from investors and regulators to quicken their move to electric vehicles, with Europe having effectively banned combustion engines from 2035.
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