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Joint Venture

The plant is a $1.6 billion investment, with equal funding contributions between both parties. The estimated annual production capacity of the plant is approximately 300,000 units. The plant is also predicted to create an estimated 4,000 jobs.

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Renault, Dongfeng to Produce EV in China

As part of the joint venture between Dongfeng and Renault, Dongfeng Renault Automotive Company (DRAC) will produce an electric vehicle that is based on the Fluence Z.E.

VW Extends Partnership with Chinese Automaker

After 20 years cooperating, the Volkswagen Group and its Chinese joint venture partner First Automotive Works (FAW) are extending their present partnership for a further 25 years, until 2041.