Renault Creates Joint Venture With China's Dongfeng for 150,000 Cars Per Year

Renault is not as present as some other mainstream manufacturers, on the Chinese market, yet they plan to change that, and the first order of business is the creation of a joint-venture, with a local company, for local production. Now, the French giant has announced that it plans to create a $1.2 billion joint venture with China's Dongfeng, to build cars locally, and cut as many of the associated costs as possible.
2013 Renault Symbol 1 photo
Photo: Renault
They plan to build around 150,000 vehicles per year, at first, at a new plant which is set to be built in the city of Wuhan, in the Hubei province. The same region is home to more of Dongfeng's joint ventures, with Honda and PSA Peugeot-Citroen - they also build cars for Kia and Nissan (joint venture created in 2002).

The Renault-Dongfeng deal aims to build various models from the French automaker's catalogue, including an SUV, though which model that is has not been specified yet - the Renault Symbol (rebadged Dacia Logan -  live photos from Paris) would make a perfect contender for the Chinese market, which places value for money and interior space (especially in the back) at the top of the must-have qualities list.

Renault is trailing behind its main rival from France, PSA, which sold an impressive 440,000 cars in China, in 2012. Yet even PSA is dwarfed by GM's total 2012 sales of 2.84 million units - they plan to sell a lot more by 2015.
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