The first new vehicle from this partnership will be based on Renault-Nissan’s A-segment SUV platform.
The Renault-Nissan Alliance and Dongfeng Motor Group (Dongfeng) announced a joint venture recently. Under the terms of the agreement, the companies will develop and sell electric vehicles in China together. The JV, called eGT New Energy Automotive, sees Renault and Nissan get a 25 percent share each, while Dongfeng will get 50 percent. Production of new EVs is expected to commence by 2019.
eGT New Energy Automotive will be based in Shiyan, Hubei Province, and the manufacturing capacity of the plant will be 120,000 vehicles a year.
“The establishment of the new joint venture with Dongfeng confirms our common commitment to develop competitive electric vehicles for the Chinese market,” said Carlos Ghosn, chairman and CEO, Renault-Nissan Alliance.
Commenting on the partnership, Zhu Yanfeng, chairman, Dongfeng, said, “This project is the result of a joint effort to develop electric vehicles for the Chinese market, by the 'Golden Triangle' formed by Dongfeng, Renault and Nissan, with an innovative business model. We expect to meet the transformation trend of the market in China; where cars are becoming light, electric, intelligent, interconnected and shared.”