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According to the "European Auto News" report, Renault-Nissan CEO Carlos Ghosn said recently that Renault's production plan in China is awaiting the final approval of the Chinese government and will produce results within this year.
At the New York Auto Show on March 28th, Ghosn stated: "The project is ready and our partners are ready to go. I think it will be clear by the end of this year that this is a relatively fair statement." It is expected that the joint venture Dongfeng Renault It will be put into production between 2014 and 2016.
In 2012, Renault and Dongfeng Motor signed a framework agreement to establish a joint venture in China with an annual production capacity of approximately 200,000 to 300,000 vehicles. According to informed sources, the agreement also includes plans to jointly launch electric vehicles and SUV models.
Renault’s sales in China increased by 22.4% year-on-year to 29,724 vehicles last year, which is still far from Volkswagen and General Motors.
In addition, Ghosn expects that the European auto market will hardly rebound and rebound before 2016, and sales stability is already the best result. In the first quarter of this year, European auto sales will decline by around 10% year-on-year and down 3% to 5% year-on-year.