Renault and Chinese Automaker Partner for Commercial Vehicle Production
Groupe Renault is partnering with Brilliance China Automotive to manufacture and sell light commercial vehicles, and will operate under the name Renault-Brilliance-Jinbei Automotive Co. Ltd.
Groupe Renault is partnering with Brilliance China Automotive to manufacture and sell light commercial vehicles, and will operate under the name Renault-Brilliance-Jinbei Automotive Co. Ltd.
Renault-Brilliance-Jinbei Automotive Co. Ltd. manufacturing operations will focus on producing multi-purpose vehicles, medium vans, and heavy vans, with a goal to sell 150,000 units annually by 2022 and electrify powertrains, capitalizing on China's growing light commercial vehicle market market of up to 3 million units sold annually, according to a release from Renault.
The manufacturing plant will be loated in the Dadong District of Shenyang, Renault said in a release.
Demand for electric vehicles is on the rise in China as higher safety, emissions, and energy efficiency standards are set.
Renault purchased a 49% equity interest in Shenyang Brilliance Jinbei Autmobile Co. Ltd. (SBJ) as part of the formation of the joint venture.
Thierry Aubry has been named CEO of Renault-Brilliance-Jinbei Automotive Co. Ltd.
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