Pressiteade
Boulogne-Billancourt,April 14th, 2020 - Groupe Renault unveiled todayits new strategy for the Chinese Market, building on two of its key pillars: ElectricVehicles (EV) and Light Commercial Vehicles (LCV).
Within this new strategy, Groupe Renault activities inChina will be driven as follow:
About Chinese ICE Passenger Car Market
RegardingICE passenger car, Groupe Renault has entered into a preliminary agreement with Dongfeng Motor Corporationunder which Renault transfers its shares to Dongfeng. DRAC will stop itsRenault brand-related activities.
Renaultwill continue to provide high quality aftersales service for its 300,000customers through Renault dealers but also through Alliance synergies.
Furtherdevelopment for Renault brand passenger cars will be detailed later withinfuture new mid-term-plan Renault.
Furthermore,Renault and Dongfeng will continue to cooperate with Nissan on new generationengines like components supply to DRAC and diesel license to DongfengAutomobile Co., Ltd. Renault andDongfeng will also engage in innovative cooperation in the field of intelligentconnected vehicles.
About Chinese LCV Market
Increasing urbanization rate, e-commerce extension,inner-city transportation schemes and versatile customers usages are the keycharacteristics of a rapidly changing LCV market in China. It reached 3.3million in 2019 and is forecasted to maintain a steady upwards path.
Renault Brilliance Jinbei Automotive Co., Ltd. (RBJAC),launched in December 2017, is Groupe Renault’s sword arm for its LCV businessin China.
Groupe Renault is leading the LCV market in Europe interms of sales volumes for light commercial vehicles, as well as sales ofelectric light commercial vehicles.
Jinbeiis a well-established Brand with 1.5 millioncustomers in China and close to 162,000 sales in 2019.
With Renault expertise and technologies, RBJAC ismodernizing Jinbei models and extending the line-up with a total of 5 coremodels by 2023. The joint venture will also export in the future.
About ChineseEV Market
With 860,000 electric vehicles sold in China in 2019,China is by far the largest EV market in the world. EV sales are expected toreach 25% of the Chinese market by 2030.
Groupe Renault was a pioneer on EV and has sold close to 270,000electric vehicles in the world since 2011. It gives a strong competitiveadvantage in China as shown by the successful launching of Renault City K-ZE, thefirst joint venture EV car competing in A segment with the best local automakers.
Groupe Renault expect to reinforce its partnership withNissan and Dongfeng within eGT to make K-ZE a worldwide car. Aderivative for Europe based on “Dacia Spring” concept will be sold from 2021.
JMEV is known as an agile and efficient EV player since itscreation in 2015. With Renault support in terms of quality and technologies,JMEV will cover 45% of Chinese EV market in 2022 with 4 core models.
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This new China strategy will enhance Renault competitiveadvantages to sustain long-term presence in the Chinese market and maximizesynergies with Nissan under the new Alliance concept of “leader-follower”.
“We areopening a new chapter in China. We will concentrate on electric vehicles andlight commercial vehicles, the two main drivers for future clean mobility andmore efficiently leverage our relationship with Nissan” said Francois Provost, Chairman of Chinaregion of Groupe Renault.
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About Groupe Renault
Car manufacturer since 1898, Groupe Renault is an international grouppresent in 134 countries that sold nearly 3.8 million vehicles in 2019. Todayit has more than 180,000 employees, 40 manufacturing sites and 12,700 salesoutlets worldwide. To meet the majortechnological challenges of the future and pursue its strategy of profitablegrowth, the Group is relying on its international development. It relies on thecomplementary nature of its five brands (Renault, Dacia, Renault SamsungMotors, Alpine and LADA), the electric vehicle and its unique alliance withNissan and Mitsubishi Motors. With a 100% Renault team committed to the Formula1 World Championship since 2016, the brand is involved in motorsports, a realvector for innovation and recognition.
Renault has 50% capital in DRAC and JMEV, 49% in RBJAC. eGT capital is50% Alliance, 50% Dongfeng.
For more information:
Rie Yamane
Press officer
+33 1 76 84 00 99
+33 6 03 16 35 20
