World Library  
Flag as Inappropriate
Email this Article
 

Dongfeng Renault

Dongfeng Renault Automobile Company
Native name
东风雷诺汽车有限公司
Private joint venture
Industry Automotive
Predecessor Sanjiang Renault Automotive Company
Founded 1993 (as Sanjiang Renault)
16 December 2013 (as Dongfeng Renault)
Headquarters Wuhan, China
Area served
China
Products Automobiles
Owner Dongfeng Motor Corporation (50%)
Renault S.A. (50%)
Website .cn.com.dongfeng-renaultwww
Dongfeng Renault
Simplified Chinese 东风雷诺
Traditional Chinese 東風雷諾

Dongfeng Renault Automobile Company (DRAC) or Dongfeng Renault is an equally owned Chinese joint venture between car manufacturers Dongfeng and Renault aimed to produce and sell Renault-badged vehicles, established in 2013. The joint venture emerged from Sanjiang Renault, a previous partnership between Renault and Sanjiang established in 1993.

Contents

  • History 1
    • Sanjiang Renault 1.1
    • Dongfeng Renault 1.2
  • Operations 2
  • References 3

History

Sanjiang Renault

In 1993, Renault and Sanjiang Aerospace Group established a manufacturing joint venture at Xiaogan called Sanjiang Renault Automotive Company (Chinese: 三江雷诺汽车有限公司).[1][2] Renault had a 45% stake in the company while Sanjiang had a 55%.[3] In 1995, the company started assembling Renault Trafics. The partnership proved unsuccessful[3] and Sanjiang Renault only assembled 4,906 units[2] before it halted production in 2004.[3]

Dongfeng Renault

In 2004, following the production end of the failed Sanjiang-Renault partnership, Dongfeng and Renault began negotiations.[3] As part of Dongfeng's agreements with Nissan, the three companies agreed to create eventually a so-called "golden triangle" of three-way collaboration.[3] In June 2013, Dongfeng acquired the 55% Sanjiang's stake in Sanjiang Renault and renamed it Dongfeng Renault Automobile Company.[1] Renault and Dongfeng signed the creation of its equally owned joint venture on 16 December 2013, after the final approvals from the Chinese government.[4]

Operations

Dongfeng Renault is in charge of Renault's China sales. The Dongfeng Renault plant is being built at Wuhan. It will have an estimated output of up to 150,000 vehicles per year, which would start in 2016. Production will initially focus on sport utility vehicles (SUVs).[4]

References

  1. ^ a b "Dongfeng, Renault to set up US$1.8b joint venture". scmp.com.  
  2. ^ a b Personal Cars and China. National Academies Press. 2003. p. 56.  
  3. ^ a b c d e Han, Tianyang (7 January 2013). "After eight years of talks, a Renault-Dongfeng agreement". chinadaily.com.cn.  
  4. ^ a b "Renault accelerates global growth through new joint venture with Dongfeng in China". Renault. 16 December 2013. Retrieved 8 January 2015. 
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 



Copyright © World Library Foundation. All rights reserved. eBooks from World Library are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.