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Renault first foreign automaker to control a Chinese vehicle JV after ¥1 billion investment in JMEV

BOULOGNE-BILLANCOURT, France – Groupe Renault has become the first traditional foreign automaker to take majority control of a Chinese vehicle joint venture after the French automaker announced a ¥1 billion investment into JMEV, previously an electric vehicle subsidiary of now partner Jiangling Motors Corp. Group (JMCG). With the investment, Renault has

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