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
-
Ford Going Fast
Ford estimates that SUV sales could be half of all retail sales in the U.S. by 2020.
-
48-volt Hits Production
“In 2025, approximately one in five new vehicles across the world will be equipped with a 48-volt drive,” Juergen Wiesenberger, head of Hybrid Electric Vehicles at Continental North America said last week.
-
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.