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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.
Groupe Renault and Brilliance China Automotive signed a binding framework agreement to form a joint venture for manufacturing and selling light commercial vehicles in China. Renault will purchase a 49% stake in Shenyang Brilliance JinBei Automobile Co., Ltd.