Groupe Renault and JMCG establish joint venture for electric vehicles in China

Groupe Renault and Jiangling Motors Corporation Group (JMCG) officially established a joint venture, with Renault increasing its share capital by RMB 1 billion (about €128.5 million) to become a major shareholder of JMEV with a 50% stake.

“China is a key market for Groupe Renault.”media.renaultgroup.com

• 1 source
• media.renaultgroup.comGROUPE RENAULT AND JMCG OFFICIALLY ESTABLISH A JOINT VENTURE FOR ELECTRIC VEHICLES IN CHINA - Renault Group global media websitesaid Mr. Qiu Tiangao, Chairman of JMCG.Jul 17, 2019

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