Sales slow at Renault-Dongfeng joint venture
Automotive News China
Automotive News | 2018-8-3
Sales growth at the joint venture between Renault and Dongfeng Motor Corp. has slowed this year without the introduction of new or redesigned models.|
In the first six months, Dongfeng-Renault deliveries edged up 1 percent to 37,892 after surging 140 percent in 2017.
Nearly all of the sales volume was generated by two of the joint venture¡¯s three locally produced vehicles: 24,182 Koleos crossovers and 12,854 Kadjar SUVs were sold in the first half.
Dongfeng-Renault, which sells cars under the Renault brand only, didn¡¯t disclose sales of the locally built Captur crossover or imported vehicles.
The joint venture plans to roll out two new models annually over the next four years. It aims to boost annual sales to 400,000 in 2022.
Dongfeng-Renault was incorporated in 2013 in the central China city of Wuhan.
Renault also established a commercial vehicle joint venture with Brilliance Jinbei Automobile Co. in December in the northeast China city of Shenyang to assemble multipurpose vehicles and vans.
The new partnership, dubbed Renault-Brilliance Jinbei, builds and markets vehicles under the Jinbei brand. It won¡¯t start producing Renault-badged models until 2020.
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