Renault-Nissan agrees deal to make electric cars in China - Automobility
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Renault-Nissan agrees deal to make electric cars in China

The Financial Times, August 29, 2017

The Renault-Nissan Alliance has announced plans to make electric vehicles in China alongside local carmaker Dongfeng Motor Corp, in a deal that will see foreign carmakers integrating operations with a Chinese partner on an unprecedented scale.

The venture is also part of a rush by foreign carmakers to produce electric vehicles (EVs) in China, the world’s largest market for battery-powered cars.

The new joint venture, eGT New Energy Automotive, will design a new EV that is jointly developed by the three companies on a sport utility vehicle platform of the Renault-Nissan Alliance, according to a Renault press statement.

“The sharing of the platform is the news here, which is further than most foreign carmakers have gone,” said Bill Russo, a former Chrysler executive who is managing director of Gao Feng Advisory in Shanghai.

Click here to read the full article at FT.com

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