Renault unit launches EV industry investment fund with Chinese partners

Renault's RNO electric vehicle business Ampere signed a deal on Thursday with Chinese partners, including CICC Capital PE, in China's eastern city of Hangzhou to launch an EV industry investment fund.

The fund will focus on batteries, smart driving, smart cockpits and embodied intelligence, among other cutting-edge fields, the French automaker said in a statement. The size of the fund was not disclosed.