Renault faces challenges in pursuing IPO for electric vehicle unit amid weak demand and market volatility

Renault aims to extract more value from its electric vehicle unit Ampere through an IPO, but may not proceed if valuation falls below 6-7 billion euros.

Weaker EV demand, increased competition from China, and market volatility are complicating the IPO plans.

European firms like DKV Mobility and Renk have recently scrapped IPO plans citing market conditions.

Analysts have questioned Renault's hoped-for 10 billion euro valuation, suggesting alternative options to raise cash.

The IPO is part of Renault's overhaul under CEO Luca de Meo, including partnerships on engines and overhauling Nissan alliance.