Renault highlights three 'tech backbones' that make Ampere unique in the market. First is the company's new ElectriCity production hub in Northern France, which will produce a car in less than ten hours from 2025 and has 80% of its suppliers within 200 miles.
Third is a focus on 'software-defined vehicle' technology, which Renault sees as the future of the industry as a whole. The aim is to produce cars that are upgradable throughout their lifecycles, can learn from their users and maintain strong ties with their maker - thereby bringing new revenue streams.
It also means Ampere will have minimal impact on the finances of the wider Renault Group. From launch, Ampere will have a"limited cash burn" and will be cash-positive from 2025. Beyond Renault itself and Qualcomm, potential investors in the new outfit have not been hinted at, though Renault says a joint investment with its Alliance Partners Mitsubishi and Nissan is under consideration.