The Dongfeng Renault joint venture project, which has been delayed for eight years, is expected to reach its goal in the near future. The reporter of the "First Financial Daily" learned from the inside of the Dongfeng Group that the project of investing RMB 6.5 billion in the Dongfeng Renault Joint Venture has been submitted to the Development and Reform Commission and is only waiting for approval; the project address is selected in the Wuhan Economic Development Zone. One of the more likely results is that Settled in Junshan Town. Decoration,Flexible,indoor/outdoor use LIXIN INDUSTRIAL & TRADE CO.,Limited , https://www.jmpowerplugs.com
Renault is the only company in the world’s top ten automotive groups that has not achieved local production in China. Under the background of the extremely depressed European market, the joint venture negotiations with Chinese auto companies have been accelerated. Dongfeng Group insiders revealed that after years of development, Dongfeng has become more powerful in foreign negotiations.
During the negotiation process, Dongfeng had reported that the Dongfeng Renault JV had used the Dongfeng Passenger Vehicle Company's plant because of the pace to enter the market and reduce costs, but Carlos Tavares, COO of Renault Motors. Sri Lanka denied the news. He said: "The Renault Group has submitted an application to China for granting its factory license in China. The Renault Group hopes to establish a joint venture with China Dongfeng Group Co., Ltd. Reynolds is not satisfied with opening one. Some factories, but to build a new factory."
Carlos Tavares hopes that the project will be approved before the end of the year. As of the time of press release, the website of the National Development and Reform Commission did not disclose relevant instructions.
According to sources, Dongfeng Renault's Wuhan plant will have a production capacity of 200,000 units a year. The first production model will be the SUV model Koreo.
At the Guangzhou Motor Show that is being held, Chen Guozhang, CEO of Renault China, disclosed more information. He claimed that Renault’s domestic production qualification will be backdoored by Sanjiang Renault and will not apply separately. Sanjiang Renault is Renault's earliest joint venture company in China. The company's address is located in Xiaogan, Hubei Province, and has been discontinued for many years due to poor management. Under the increasingly strict background of production qualification approval, the reorganization of Sanjiang Renault and the use of its qualifications to achieve the completion of joint venture projects is a relatively quick approach.
Our reporter was also informed that Carlos Tavares visited Wuhan in the middle of this month and visited the first factory of Shenlong Automobile. According to sources, Tang Teng, director of Strategic Planning Department of Shenlong Motors, is likely to serve in the Dongfeng Renault joint venture. Tang Teng previously served as deputy general manager of the Dongfeng Peugeot Ministry of Commerce, with long-term brand operations and business experience.
Dongfeng Group insiders also revealed that Liu Fenghou, deputy general manager of Dongfeng Yulon, may be appointed as the "top leader" of Dongfeng Renault JV.
However, as of the time of writing, Dongfeng Group and Shenlong Motor Company have not responded positively to this reporter's interview.