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Renault and Nissan set up a joint venture in China to produce an electric car
30/08/2017
Nissan Motor and its partner, Renault, are setting up a new joint venture in China with China's Dongfeng Motor Group to design and produce an electric car to join the list of global automakers aiming to manufacture such cars in China.
Automakers are trying to exploit a new, less polluting "New Energy" car in the world's largest car market and are preparing to meet tight electric quotas in China.
This month, Ford Motor announced that it was considering setting up a joint venture with Anhui Zuti for the manufacture of an electric car in China under a brand new.
Tesla, Daimler and General Motors have already announced plans to produce electric or hybrid electric cars in China, which want to have at least a fifth of car sales in the country by 2025.
Nissan and Renault each own 25 percent of the new project, known as EGT New Energy Automotive, while Dongfeng owns the remaining 50 percent, according to a statement issued by Nissan and Renault on Tuesday.
"The establishment of the new joint venture with Dongfeng underscores our joint commitment to developing electric vehicles that can compete with the Chinese market," said Carlos Ghosn, Chairman and CEO of Renault and Nissan Alliance.
The statement gave no details of the financial commitments of the partners in the joint venture nor did it specify the timing of the launch. Dongfeng is already a partner of Nissan in China.
http://aletejahtv.org/permalink/179161.html
30/08/2017
Nissan Motor and its partner, Renault, are setting up a new joint venture in China with China's Dongfeng Motor Group to design and produce an electric car to join the list of global automakers aiming to manufacture such cars in China.
Automakers are trying to exploit a new, less polluting "New Energy" car in the world's largest car market and are preparing to meet tight electric quotas in China.
This month, Ford Motor announced that it was considering setting up a joint venture with Anhui Zuti for the manufacture of an electric car in China under a brand new.
Tesla, Daimler and General Motors have already announced plans to produce electric or hybrid electric cars in China, which want to have at least a fifth of car sales in the country by 2025.
Nissan and Renault each own 25 percent of the new project, known as EGT New Energy Automotive, while Dongfeng owns the remaining 50 percent, according to a statement issued by Nissan and Renault on Tuesday.
"The establishment of the new joint venture with Dongfeng underscores our joint commitment to developing electric vehicles that can compete with the Chinese market," said Carlos Ghosn, Chairman and CEO of Renault and Nissan Alliance.
The statement gave no details of the financial commitments of the partners in the joint venture nor did it specify the timing of the launch. Dongfeng is already a partner of Nissan in China.
http://aletejahtv.org/permalink/179161.html
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