Total investment is said to be close to 10 billion yuan ($1.6 billion). Renault and Dongfeng are well acquainted: Alliance partner Nissan has a joint venture with Dongfeng, and is China’s largest Japanese brand. The island issue put a damper on sales of Japanese-branded cars in China, which makes a diversification into European brands extra pertinent.
According to the report, the Renault-Dongfeng JV will start with an annual capacity of 150,000 units, and will begin producing SUVs and minivans in 2014.
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