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)
