Renault Forms Chinese Electric Vehicles Venture With Jiangling Motors

www.oann.com | 6/12/2019 | Staff
joyy (Posted by) Level 3
PARIS (Reuters) – Renault has formed a joint venture partnership with Jiangling Motors Corporation Group (JMCG) to target the Chinese electric vehicles (EV) market, in a deal which will also see Renault take a 50% stake in the new venture.

Renault said it would increase its share capital by around 1 billion Chinese RMB, or roughly 128.5 million euros ($144 million), to acquire its 50% stake in the new...
(Excerpt) Read more at: www.oann.com
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