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Renault-Nissan to set up new China JV with Dongfeng Motor for electric cars

Staff Writer |
Nissan and its alliance partner Renault are setting up a new joint venture in China with Dongfeng Motor Group to design and build electric cars, joining a list of global carmakers aiming to make such vehicles in China.

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The carmakers are attempting to tap into a boom for such cleaner "new energy" vehicles in the world’s biggest car market and gearing up to meet its anticipated stringent plug-in car quotas.

Ford announced earlier this month it was exploring setting up a joint venture with car maker Anhui Zotye Automobile to build electric vehicles in China under a new brand.

Tesla, Daimler, and General Motors have already announced plans for making electric vehicles in China, which wants electric and plug-in hybrid cars to make up at least a fifth of the country's car sales by 2025.

The new joint venture, called eGT New Energy Automotive Co, will be owned 25% each by Nissan and Renault with Dongfeng owning 50%, Nissan and Renault said in a statement.

They said eGT will design a new electric vehicle on a subcompact crossover SUV platform of the Renault-Nissan alliance.

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