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)
Renault is one of the world's leading automobile constructors. Net sales break down by activity as follows:
- sale of vehicles (89.9%): 2,264,815 passenger and commercial vehicles sold in 2024, distributed by brand between Renault (1,577,351), Dacia (676,340), Renault Korea Motors (6,539) and Alpine (4,855);
- services (10.2%): financing services for vehicle sales (purchasing, renting, leasing, etc.; RCI Banque), related services (maintenance, warranty extension, assistance, etc.) and mobility services.
At the end of 2024, the group had 25 industrial sites worldwide.
Net sales are distributed geographically as follows: France (29.9%), Europe (49.8%), Americas (8.3%), Eurasia (5.1%), Asia/Pacific (3.9%), Africa and Middle East (3%).
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