Reuters - Video

Edition: US | UK | IN | CN | JP

video Finance Videos

Renault-Nissan to build electric cars Dongfeng

Tuesday, August 29, 2017 - 01:35

The Renault-Nissan alliance has announced plans to build electric cars in China in a new venture with Dongfeng Motor , joining the scramble by global automakers to meet Beijing's stringent quotas for zero-emission vehicles.Kate King reports.

▲ Hide Transcript

View Transcript

China's thirst for more electric cars is driving new partnerships between automakers. The latest, a joint venture between Nissan Motor, its partner Renault and the DongFeng Motor group called the New Energy Automotive Co. (SOUNDBITE) (English) BGC PARTNERS MARKET STRATEGIST, MIKE INGRAM, SAYING: "I think it's an interesting JV, it will bear close examination How productive it actually is. But as I said right at the very start I think if you look at the history of joint ventures generally they have very rarely delivered on what they have promised." Nissan's Leaf compact hatchback has become the world's top-selling electric car since its launch in 2010. Renault's own version 'Zoe' also has healthy sales. But China's the world's largest market for what it calls 'new energy vehicles'. And it wants electric and plug-in hybrids to make up at least a fifth of the country's auto sales by 2025. That's seen automakers accelerate investment there, with the government stipulating that batteries for electric vehicles are made in China. (SOUNDBITE) (English) BGC PARTNERS MARKET STRATEGIST, MIKE INGRAM, SAYING: "I'm afraid that China does tend to have a little bit of a history of acquiring intellectual property, IP very cheaply, one way or the other and then when it suits then jettisoning then joint venture partner." The New Energy Automotive Co, will be owned 25 percent each by Nissan and Renault with Dongfeng owning 50 percent. Production is widely tipped to start in 2019. examination. How you know how productive it actually is. But as I said right at the very start I think if you look at the history of joint ventures generally they have very rarely delivered what they have promised.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Renault-Nissan to build electric cars Dongfeng

Tuesday, August 29, 2017 - 01:35