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Renault-Nissan joins China’s electric vehicle revolution

Renault-Nissan has joined Tesla, Volkswagen, General Motors and Ford in the competition to deliver electric vehicles in China.

Beijing is about to introduce new rules, facilitating a greater proportion of electric vehicles, in a bid to counter pollution.

Renault-Nissan’s cars will be built through a new venture with local firm Dongfeng Motor. The venture, eGT New Energy Automotive Co, will develop an electric mini-SUV to go into production in 2019. The vehicles will be sold under the partners’ own brands.
Renault-Nissan
China wants electric battery cars and plug-in hybrids to account for at least one-fifth of its vehicle sales by 2025.

The proposals, due to take effect as early as next year, would require 8 per cent of automakers’ sales to be battery electric or plug-in hybrids, rising to 12 per cent in 2020.

Earlier this month Ford said it was exploring a joint venture with carmaker Anhui Zotye Automobile Co to build electric vehicles under a new brand, in competition with China manufacturing plans previously announced by Tesla, Volkswagen and General Motors.

Renault-Nissan chairman Carlos Ghosn said the move “confirms our common commitment to develop competitive electric vehicles for the Chinese market”.

Ghosn has previously discussed plans to “change the game” with a low-cost electric car priced below $8,000 after Chinese incentives, and ultimately without them.à‚ 

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