Renault forms JV with Brilliance in China
Renault and Brilliance have closed a deal to build light commercial vehicles together in China and to advance the electrification of powertrains. The joint venture is called Renault-Brilliance-Jinbei.
The partnership had been in the making since Renault acquired a 49 percent in Brilliance’s bus business in July this year. Now the ink is drying on the contract that solidifies the cooperation through the formation of a new joint venture. Renault-Brilliance-Jinbei Automotive wants to produce 150,000 light commercial vehicles (LCV) annually as well as medium and heavy vans.
The first transporters will become available by 2022 using the labels Jinbei, Renault and Huasong. An additional point on the agenda is the electrification of powertrains with most of the technology to come from the Renault-Nissan-Mitsubishi Alliance. Brilliance will add its 220 distribution outlets, manufacturing force and position in the Chinese transporter market.
Brilliance chairman, Qi Yumin wants the joint venture to lead “in three areas: commercial vehicles, new energy commercial vehicles and customised commercial vehicles.”
The vehicles will be made locally in Liaoning province in North-East China.
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