One is the Chinese automotive industry leader who accelerates the global deployment. One is an internationally renowned automotive group that looks to China for dreams. Yesterday, Dongfeng Motor Co., which had been in love for nine years, and Renault, France, signed a joint venture contract in Wuhan. Formally entered the "marriage" hall.
According to the contract, the two parties jointly invested RMB 7.76 billion according to the 50:50 equity ratio and formed Dongfeng Renault Automobile Co., Ltd. in Wuhan. The new joint venture company's R&D base is located in the Golden Port Industrial Park of Wuhan Economic and Technological Development Zone. It covers an area of â€‹â€‹95 hectares and is planned to be built according to the annual production capacity of 300,000 units. In the first phase, it will realize 150,000 units and 150,000 units. The annual production capacity of the engine is scheduled to be put into production in the first half of 2016.
In addition to the existing Dongfeng Citroen, Dongfeng Peugeot, Dongfeng Honda, Dongfeng Fengshen and Shanghai GM, Wuhan has brought together six major automotive brands and is making another step toward building China's largest automotive manufacturing base.
After seeing years of hard work, finally, Xu Ping, Chairman of Dongfeng Motor Corporation, and Carlos Ghoen, Chairman and CEO of Renault, are pleased to sign the contract on behalf of both parties. Provincial and Wuhan leaders Li Hongzhong, Wang Guosheng, Yan Chengfa, Xu Kezhen, Tang Liangzhi, French ambassador to China Bai Lin, and the provincial government secretary Wang Xiangxi jointly witnessed this exciting moment.
With the acceleration of the global economic and technological integration process, the strengthening of capital and capacity cooperation between major companies in the global automotive industry and the improvement of resource utilization efficiency have become the evolutionary trend of the global automotive industry. Xu Ping said in his speech: â€œThe launch of the Dongfeng Renault project marks the beginning of the overall cooperation between Dongfeng and Renault-Nissan alliance. It is a creative exploration and practice in the business model under the background of economic globalization. It is the internationalization of Dongfeng company. An important measure of development."
Carlos Ghosn said that he is full of expectations and confidence in cooperation. At present, Renaultâ€™s latest scientific and technological achievements in the development of clean energy vehicles have been put on the market and have been successful. It is hoped that Renaultâ€™s green, low-carbon and environmentally friendly technologies and products will take root in Wuhan, Hubei Province, and help Chinaâ€™s economic development in the new period.
When Li Hongzhong met with Carlos Ghosn, he said that at present, China is vigorously promoting comprehensive and deepening reforms, and the market will play a decisive role in the allocation of resources. Wuhan, as China's economic geography center, faces a series of major opportunities in the future reform and development, which creates a broader space for deepening cooperation between the two sides. Technology creates value, green leads the future. Paying more attention to technological innovation and green and low-carbon development will be the direction and distinctive features of the economic development of Hubei and even China in the new era. Renault has extensive experience and advanced technology in the development of clean energy vehicles and is in line with the development direction of the Chinese economy and the automotive industry in the new era. It is believed that Renault's business in Wuhan, Hubei Province will surely thrive and achieve great success.
In his speech, Xu Kezhen indicated that Dongfeng and Renault are strong and beneficial to the mutual complementarity of both parties, resource sharing, and common development. At the same time, they added another automobile joint venture brand to our province, laying a solid foundation for Wuhan to build China's largest auto manufacturing base. The governments at all levels and relevant departments in the province will take the initiative to do a good job of service, improve the efficiency of the work, ensure that the project will be speeded up, start production as soon as possible, and play an effective role as soon as possible.
It is reported that Dongfeng Renault will first adopt domestic production and launch a series of new Renault automotive products based on SUV products. At the same time, it will actively promote the development, production and sales of new energy automotive products and Dongfeng brand joint venture auto products.
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