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RENAULT NISSAN TO BUILD AN INTERCONNECTED EV FOR CHINA

The Renault Nissan Alliance and Dongfeng Motor Group forged a partnership to co-develop electric vehicles in China according to a press release by Nissan. The new JV company is called eGT New Energy Automotive Co and will focus on the core competencies of each to produce EVs for the Chinese market. The first vehicle by eGT will be an A-segment SUV based on the Renault Nissan platform and is expected in 2019. The vehicle will be an intelligent and interconnected EV, which is the new rage in China. Alibaba and SAIC released the first successful mass-market interconnected car last year, the Roewe eRX5 SUV. Since then various other companies and start-ups, such as XPENG, announced strategies to focus purely on interconnected vehicles.

“This project is the result of a joint effort to develop electric vehicles for the Chinese market, by the ‘Golden Triangle’ formed by Dongfeng, Renault, and Nissan, with an innovative business model,” said Zhu Yanfeng, Chairman of Dongfeng. “We expect to meet the transformation trend of the market in China; where cars are becoming light, electric, intelligent, interconnected and shared. This is also testimony of a deepened and strengthened strategic cooperation between the three parties.”

The new venture is owned 25% each by Renault and Nissan while Dongfeng will hold the remaining 50%. eGT will be headquartered in the City of Shiyan, Hubei Province and assembly of the EV will be done at the 120,000 capacity Dongfeng plant in Shiyan.

Renault-Nissan Alliance and Dongfeng Motor Group Co., Ltd. EV JV

 

The featured image does not represent the new EV but is that of the 2018 Nissan Pathfinder.

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