Classification: JV UPDATE
Baoneng Group confirmed as new strategic investor of Qoros [2017-12-22]

SINGAPORE – China’s Baoneng Group, a modern conglomerate with businesses covering property development, science & technology parks, modern logistics, comprehensive finance and medical health, has been confirmed as the new strategic investor for Qoros Automobile Co., Ltd.

Three brands, three segments: Renault Brilliance JV eyes annual sales of 150,000 LCVs by 2022 [2017-12-22]

SHENYANG, Liaoning – Brilliance Jinbei is now Renault-Brilliance-Jinbei, after the French automaker signed a formal contract on December 15 with Brilliance China Automotive Holdings Ltd.

Chang'an and Ford deepen partnership, to localize production of Lincoln [2017-12-12]

BEIJING – China South Industries Group (CSIG), parent company of Chang’an Automobile Co., Ltd.

Zotye-Ford JV to go into production in September 2019 [2017-12-12]

HANGZHOU – Zotye Auto and Ford Motor Co. signed an investment agreement on December 7 in Hangzhou in which their recently established joint venture –

Volkswagen Group and JAC sign MOU for new JV to develop multi-functional vehicles [2017-12-01]

HEFEI, Anhui – Volkswagen AG, Volkswagen Group China and Jianghuai Automobile Co., Ltd. (JAC) signed a Memorandum of Understanding on November 27 here to establish a new joint venture to research and develop multi-functional vehicles (including but not limited to pickups, MPVs and electric commercial vehicles).

Ford and Zotye sign final agreement for ¥5 billion JV to build EVs under new Chinese brand [2017-11-09]

BEIJING – Ford Motor Co. and Zotye Automobile Co., Ltd. signed a definitive agreement on November 8 here to establish Zotye Ford Automobile Co., Ltd.

Vision 2022: Dongfeng Renault targeting annual vehicle sales of 400,000 units in new strategy [2017-11-08]

WUHAN – Dongfeng Renault Automotive Co., Ltd. (DRAC) plans to increase annual vehicle sales to 400,000 units by 2022, expand product mix to nine locally-produced models centered on SUVs including three electric vehicles and double dealer network to 400 with the best level in quality and customer satisfaction, according to the DRAC Vision 2022 Strategy announced on October 31 by the joint venture between Dongfeng Motor Group and Groupe Renault.

Chang'an and PSA to develop new one-ton pickup to be launched by 2020 [2017-10-11]

CHONGQING – Chang’an Automobile Co., Ltd. and Groupe PSA signed an agreement here on September 27 to co-develop a new vehicle platform dedicated to light commercial vehicles.

Piaggio and Foton form strategic partnership to develop LCVs for Italian market [2017-09-28]

BEIJING – Piaggio & C. S.p.A. (PIA) and Foton signed a preliminary agreement here on September 19 for the strategic development of a new range of four-wheel light commercial vehicles for the Italian market.

Renault-Nissan and Dongfeng to set up new three-way JV to produce EVs [2017-09-07]

PARIS/BEIJING – The Renault-Nissan Alliance and Dongfeng Motor Group Co., Ltd. announced on August 29 that they have set up a new joint venture –