Mitsubishi will have compact EV built by Renault's Ampere unit

Renault Group’s new Ampere unit will produce a compact full-electric SUV vehicle for alliance partner Mitsubishi, the company said.
 
Mitsubishi plans to invest 200 million euros ($217 million) in Ampere, a spinoff that Renault hopes will go public via an IPO next spring. Nissan, which holds a majority stake in Mitsubishi, has said it will contribute 600 million euros to Ampere.
 
The EV for Mitsubishi will be built on the Renault-Nissan Alliance CMF-EV platform for compact vehicles, now renamed AmpR Medium, Renault and Ampere CEO Luca de Meo told analysts at a capital markets day event in Paris on Wednesday.
 
More details about the car will be revealed in 2024, a spokesman for Mitsubishi Motors Europe told Automotive News Europe. Mitsubishi was an early mover in EVs with the i-MiEV launched in 2010, but the brand has not had a full-electric car in its European lineup recently.