LARDY, France (Reuters) -Ampere, Renault's electric vehicle and software subsidiary, confirmed on Tuesday its cost reduction targets, which are central to the French automaker's transformation
Renault unit Ampere confirms its cost reduction targets
LARDY, France (Reuters) -Ampere, Renault's electric vehicle and software subsidiary, confirmed on Tuesday its cost reduction targets, which are central to the French automaker's transformation strategy.
"We are working on it; we haven't given up on doing that," said Josep Maria Recasens, CEO of Ampere, referring to the company's goal of reducing by 40% the cost of electric vehicles by 2028 and of achieving financial break-even this year.
Recasens was speaking during the inauguration of the group's battery laboratory close to Paris.
(Reporting by Gilles Guillaume; Writing by Benoit Van Overstraeten; Editing by Makini Brice)
