Renault and Dongfeng confirm Chinese production JV due to start in 2016
Wuhan plant to be established through the new JV will be Renault’s first factory in China.
French carmaker Renault has confirmed that it will begin producing cars in collaboration with its Chinese joint venture (JV) partner Dongfeng Motor, in 2016, reports Dow Jones. Under the 50:50 JV, the two partners have formed a new company, namely Dongfeng Renault Automotive Company (DRAC), with an initial capital investment of CNY7.8 million (USD1.3 billion). Early this month, Renault received approval for its new Chinese JV from the National Development and Reform Commission
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
