Renault and Brilliance sign agreement
- October 17, 2018
- Posted by: Simon Wait
- Category: Industry News
Groupe Renault and Brilliance China Automotive Holdings Limited (Brilliance) signed a strategic cooperation agreement with Chinese officials from Liaoning province to further accelerate growth of LCVs in China.
Renault also confirmed plans for three new electric light commercial vehicles for China within two years.
A delegation from the Chinese government, including Tang Yijun, the governor of Liaoning province, and Yan Bingzhe, vice-mayor of Shenyang, met with Renault chairman and CEO Carlos Ghosn, senior vice president of Renault LCV business unit Ashwani Gupta, Brilliance Auto CEO QI Yumin, Brilliance chairman Wu Xiao An, and other senior executives from both Brilliance and Renault, at Renault’s corporate headquarters before signing the strategic cooperation agreement.
‘Ten months after our initial launch of our joint venture in China with Brilliance, we have a local management team in place, LCV product plan to deliver further growth with seven LCVs for China including three electric LCV models, starting in early 2019. Our agreement with the local government in Liaoning province will strengthen our foundation for growth,’ said Carlos.
‘The city of Shenyang and Liaoning province commit support to vehicle projects, new energies and R&D activities, industrial development, promotion of local suppliers and product development,’ said Tang.
The venture beginning in 2018, will manufacture and sell light commercial vehicles (LCV) under the Jinbei, Renault and Huasong brands with the goal of achieving 150,000 sales annually by 2022, and an acceleration of electrifying powertrains.