Renault to list electric car unit on stock market in 2023

The electric vehicle market is expected to grow rapidly in response to consumers' worries about climate change, putting pressure on manufacturers to develop less polluting products.

Renault said it plans to invite investment in Ampere but would remain the majority shareholder with “the support of potential strategic cornerstone investors.”

Renault also intends to combine its technological, manufacturing and research and development activities for its hybrid and internal-combustion vehicles with Chinese automaker Geely in a new entity, “Horse.”