71759
Renault-Nissan Expands Push in China
Renault-Nissan Expands Push in China

Renault-Nissan Expands Push in China

Renault-Nissan Expands Push in China

The Renault-Nissan alliance is expanding its push into China, teaming up with Dongfeng Motor Group Co. on its first locally designed electric vehicle as emissions rules tighten in the world’s largest car market. Renault, Nissan and Dongfeng established a joint venture to develop a battery-powered model based on a small SUV platform developed by the French-Japanese alliance, the companies said Tuesday. The vehicle is due to hit showrooms in 2019, Bloomberg reported. Automakers are accelerating electric-vehicle investment in China to meet stricter environmental rules set to take effect in major markets. Starting next year, carmakers that fail to meet fleet-based emissions and fuel-economy limits could face fines under China’s new cap-and-trade framework. Last week, Ford Motor Co. said it will explore setting up a venture with Anhui Zotye Automobile Co. to produce EVs. In May, Volkswagen AG received approval for partnership with Anhui Jianghuai Automobile Group to produce electric cars. Daimler AG and BMW also have electric car brands under their partnerships with BYD Co. and Brilliance China Automotive Holdings Ltd., respectively.

 

Short URL : https://goo.gl/iWeCwj
  1. https://goo.gl/evSGvW
  • https://goo.gl/2jdJpM
  • https://goo.gl/sWMygK
  • https://goo.gl/BwwyfQ
  • https://goo.gl/q5TQ3L

You can also read ...

On Sunday, the rial traded at 46,130 to the dollar, up 1.8%. 
With its foreign exchange package now in full swing, the...
Iran-Greece Trade Tops $1.5 Billion
Iran exported more than €1.26 billion worth of goods to Greece...
Iran Decision on FATF Agenda
The Financial Action Task Force–the global anti-money...
Telegram Raises $850m From Investors Before Planned ICO
The chat app company Telegram filed documents with the US...
Ban on Contraband Cellphones in Iran Reaches LG
Following the government’s belated policy of curbing cellphone...
Intel Hit With  32 Lawsuits
Intel has revealed that the company is facing at least 32...
Iran and Turkey finalized the $1.4 billion currency swap agreement.
Iran has signed memoranda of understanding and protocols...
Facebook has to delete all data it has gathered on Belgian citizens.
A Belgian court threatened Facebook (FB.O) on Friday with a...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus