Dongfeng Renault opens first plant in China!
Dongfeng Renault opens first plant in China, Wuhan plant opening Dongfeng Renault Automotive Company (DRAC) On February 1, 2016, Carlos Ghosn, Chairman and Chief Executive Officer of Groupe Renault, and Zhu Yanfeng, Chairman of Dongfeng Group, opened the Dongfeng Renault Automotive Company (DRAC) plant in Wuhan, Hubei Province. Just two years after the joint venture was formed, the first DRAC plant in China will start producing the Renault Kadjar, Renault’s latest SUV. The Re
Improved Automotive, technology and standards - China!
In a study done by J.D. Power’s Chinese division, recent months have shown that the Chinese have improved both the technology behind their cars as well as the engineering. Improvements have been made to raise their domestically produced automobiles to international standards primarily in the internal systems of the cars; the engine, transmission, ventilation and the heating and cooling. The study looked at 213 car models sold by 65 different car brands while surveying around
China's Automotive joint-venture manufacturing growth, 2013.
There are over 170 auto makers in China, compared with around 35 in the in the US. By 2018, manufacturers are expected to have a combined output of 30 million cars, which would amount to an excess of 10 million units. Chinese government efforts to reduce pollution and congestion by imposing restrictions on car buyers don’t help. And the competition is growing. Foreign automakers, desperate to offset declining sales in Europe, are investing heavily in China. General Motors h