Mexican Media Brands
Renault Launches EV Venture in China
Renault SA is investing in its 50:50 venture with Jiangling Motors Corp. to develop and build electric vehicles in China.
#hybrid
Share
Renault SA is investing €129 million ($144 million) in its 50:50 venture with Jiangling Motors Corp. to develop and build electric vehicles in China.
The venture was formed four years ago has government approval to produce EVs.
Renault has a minor presence in China and until this year had indicated no plans to make EVs there. The company first Chinese electric, the K-ZE minicar is going into production this year through a joint venture between Dongfeng Motor Co. and the Renault-Nissan alliance.
The company also plans to add a trio of hybrid models in China. Olivier Murguet, who heads Renault sales, describes China’s electrification push as a “territory of opportunities.”
Renault said in June it plans to invest more than €1 billion to expand production of EVs in France. The company expects to add eight all-electric models and 12 plug-in hybrid vehicles to its lineup by 2022.
RELATED CONTENT
-
On Military Trucks, Euro Car Sales, Mazda Drops and More
Did you know Mack is making military dump trucks from commercial vehicles or that Ford tied with Daimler in Euro vehicle sales or the Mazda6 is soon to be a thing of the past or Alexa can be more readily integrated or about Honda’s new EV strategy? All that and more are found here.
-
Honda to Make Hybrids in Thailand
Honda Motor Co. is preparing to launch production in Thailand of hybrid cars and the batteries that help power them.
-
GAC, CATL Partner on Two Battery Ventures
Two new battery ventures are being formed in China by domestic carmaker Guangzhou Automobile Group Ltd. and battery giant Contemporary Amperex Technology Ltd.