Mexican Media Brands
Renault Partners with Third Chinese EV Maker
Renault SA has agreed to buy a “significant” stake in Jiangling Motors Co.’s JMEV electric vehicle unit.
#hybrid
Share
Renault SA has agreed to buy a “significant” stake in Jiangling Motors Co.’s JMEV electric vehicle unit.
The companies say they expect to close the deal sometime next year. More details will be announced later.
Based in Nanchang, JMEV was launched in 2015. The brand says it is on track to sell 50,000 EVs this year, up from 38,000 units last year.
Renault, the leading EV-maker in Europe, is working with two other Chinese carmakers on the technology. In July, the French company formed a joint venture with Brilliance China Automotive Holdings Ltd. that plans to launch seven electric light commercial vehicles—including three all-electric models—over the next two years in China.
Last year, Renault and alliance partner Nissan Motor Co. partnered with Dongfeng Motor Group. The companies aim to launch an all-electric SUV/crossover in China next year.
RELATED CONTENT
-
Tesla Owners in Germany Ordered to Return Subsidy
Germany has ordered about 800 Tesla Model S electric cars owners to pay back a €4,000 ($4,700) government subsidy they received.
-
Chevy Develops eCOPO Camaro: The Fast and the Electric
The notion that electric vehicles were the sort of thing that well-meaning professors who wear tweed jackets with elbow patches drove in order to help save the environment was pretty much annihilated when Tesla added the Ludicrous+ mode to the Model S which propelled the vehicle from 0 to 60 mph in less than 3 seconds.
-
Hyundai Shops for a Partner to Make Electric Scooters
Hyundai Motor Co. is looking for a domestic partner to mass-produce the fold-up Ioniq electric scooter it unveiled at last year’s CES show in Las Vegas, a source tells The Korea Herald.