# 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.

- Type: Acquisition
- Announced: 2019-07-17
- Where: China
- Value: $145.0M (1.00B CNY)
- Status: completed
- Products: electric vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Groupe Renault](https://endata.com/companies/25362.md) (acquirer)
- [Jiangling Motors Corporation Group](https://endata.com/companies/40702.md) (partner)
- [JMEV](https://endata.com/companies/40703.md) (target)

## Sources

- [media.renaultgroup.com](https://media.renaultgroup.com/groupe-renault-and-jmcg-officially-establish-a-joint-venture-for-electric-vehicles-in-china/?lang=eng), 2019-07-17: "China is a key market for Groupe Renault."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.