Classification: JV UPDATE
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 –

Ford signs MOU with Zotye to establish electric vehicle JV [2017-08-23]

SHANGHAI – Ford Motor Co. said in a statement on August 22 that it has signed a Memorandum of Understanding with Anhui Zotye Automobile Co., Ltd.

Geely and Volvo Cars sign contracts for tech and LYNK & CO JVs [2017-08-08]

NINGBO, Zhejiang – Geely Holding Group and Volvo Cars officially inked the contracts for their technology and LYNK & CO joint ventures at a ceremony held at Geely’

Beijing-Hyundai cuts 2017 sales target from 1.25 million to 800,000 units [2017-08-04]

BEIJING – Beijing-Hyundai Motor Co., Ltd. has decided to cut its 2017 sales target by 450,000 units to 800,000 units after a lackluster first half of 2017 in part caused by the political fallout from South Korea’

Jaguar Land Rover opens engine plant in China [2017-07-27]

CHANGSHU, Jiangsu – Jaguar Land Rover opened its Chinese engine plant here on July 21 as part of its ¥10.

Volvo Cars to set up new tech JV with parent Geely, take significant minority stake in LYNK & CO [2017-07-21]

STOCKHOLM – Volvo Cars signed separate MOUs on July 20 with parent company Geely Holding Group to set up a new joint venture technology company and for the Swedish carmaker to a significant minority stake in LYNK & CO, the international premium brand launched by Geely last year.