The partner is Brilliance China Automotive Holdings Ltd, which is BMW’s partner for the production of passenger cars.
Renault will own a 49% stake and Brilliance the other 51% in this joint-venture which is expected to produce 150,000 light commercial vehicles by 2022. The share of electric powertrains is unclear as the press release only talks about ‘an acceleration of electrifying powertrains’.
15 Dec 2017
Renault sets up joint-venture for LCVs in China
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Renault sets up joint-venture for LCVs in China
Renault SA (RNO:WBO) | 0 0 2.2% | Mkt Cap: 26,021m
- Published:
15 Dec 2017 -
Author:
Hans-Peter Wodniok -
Pages:
2
The partner is Brilliance China Automotive Holdings Ltd, which is BMW’s partner for the production of passenger cars.
Renault will own a 49% stake and Brilliance the other 51% in this joint-venture which is expected to produce 150,000 light commercial vehicles by 2022. The share of electric powertrains is unclear as the press release only talks about ‘an acceleration of electrifying powertrains’.