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
-
What the VW ID. BUGGY Indicates
Volkswagen will be presenting a concept, the ID. BUGGY, a contemporary take on a dune buggy, based on the MEB electric platform that the company will be using for a wide array of production vehicles, at the International Geneva Motor Show.
-
Electric Motors for Aero and Auto
Rolls-Royce—the manufacturer of aircraft engines, not the one that makes high-end vehicles with four wheels—is working with another British company, YASA, on the development of the ACCEL, an electric airplane.
-
Electrically Improving Powertrains
The good news about downsized powertrains is that they can provide greatly improved fuel efficiency compared to larger engines. The not-so-good news for many drivers of cars with these smaller engines under the hood is that they can lack performance.