Nissan Motor Co and its alliance partner Renault SA said on Tuesday they are setting up a new joint-venture (JV) with their partner Dongfeng Motor Group Co Ltd to design and build electric vehicles in China. The move comes as global automakers tap into a boom for such cleaner "new energy" vehicles in the world's biggest auto market and gear up to meet its stringent plug-in car quotas. The new JV, called eGT New Energy Automotive Co, will be owned 25 per cent each by Nissan and Renault and 50 per cent by Dongfeng, according to a statement by Nissan and ...
Renault-Nissan alliance to set up China electric vehicles JV with Dongfeng
Ford Motor Co also announced it was exploring a JV with Chinese car maker Anhui Zotye Automobile Co