Renault-Nissan Partners With Dongfeng To Build Electric Vehicles

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The Renault-Nissan alliance has joined hands with China's Dongfeng Motor to build electric vehicles. The joint venture is named as eGT New Energy Automotive Co.

The eGT New Energy Automotive Co will develop a small electric SUV which will enter production in 2019 and will be manufactured by Dongfeng Motor. The Chinese company already produces conventional vehicles with Renault and Nissan.

Renault-Nissan Partners With Dongfeng To Build Electric Vehicles

The biggest automobile market in the world, China wants all-electric vehicles and plug-in hybrids to account for at least one-fifth of its vehicles sales by 2025. Renault-Nissan leads the modern electric car segment with its best selling Nissan Leaf and Renault Zoe.

Renault-Nissan Partners With Dongfeng To Build Electric Vehicles

Renault and Nissan will each own 25 percent of the joint venture, and Dongfeng will hold the remaining 50 percent. China's push for electric vehicles has changed the mindset of several automakers who were reluctant to invest on EVs.

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Renault-Nissan Partners With Dongfeng To Build Electric Vehicles

Previously, Ford had stated that it was exploring a joint venture with Anhui Zotye Automobile Co to build electric vehicles under a new brand. Toyota is also investing on electrification of vehicles to cater China's demand.

Renault-Nissan Partners With Dongfeng To Build Electric Vehicles

Chairman of Renault-Nissan Alliance, Carlos Ghosn said, "Renault-Nissan's move confirms our common commitment to develop competitive electric vehicles for the Chinese market." The EV project will be headed by Gerard Detourbet who developed the Kwid crossover hatchback for India.

Renault-Nissan Partners With Dongfeng To Build Electric Vehicles

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Electric vehicles are considered as the future of mobility due to the stricter emission norms set to be implemented around the world. Renault-Nissan alliance will use its experience to develop a new electric small SUV for the Chinese market.

Story first published: Thursday, August 31, 2017, 10:51 [IST]
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