If Daimler and BMW have worked with BAIC and BYD respectively, Volkswagen has deals with Anhui Jianghuai Group and Ford has recently signed a Memorandum of Understanding with Anhui Zotye Automobile Co., Ltd.; Renault-Nissan Alliance is also aware of the enormous potential of China’s EV market. Therefore, the world’s biggest automotive alliance has decided to place more bets on this country by establishing a new partnership with Dongfeng – a great local car brand.
Renault-Nissan has established a new partnership with Dongfeng
Owning 50% of total shares, Dongfeng will be the biggest shareholder of the new holding named eCT New Energy Automotive Co. while Nissan and Renault will each hold 25%. With this budget, the partners expect to introduce a pure battery-powered vehicle in the home market in 2019, which will not only take advantages of all cost-effective design and EV technologies from the strong alliance, but also satisfy all customers’ needs as well as strict emissions requirements nationwide.
The new EV will take advantages of all EV technologies and cost-effective design from the strong alliance
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“The establishment of the new joint-venture with Dongfeng confirms our common commitment to develop competitive electric vehicles for the Chinese market,” said Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance.
“We are confident to meet the expectations of the Chinese customers and to strengthen our global electric vehicle leadership position.”
As reported, the upcoming EV will be manufactured at Shiyan – a large-scale plant of Dongfeng with a huge production capacity of 120,000 vehicles each year.
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