BEIJING (Reuters) - Renault and Brilliance China Automotive Holdings Ltd have formed a joint venture to design and manufacture light commercial vehicles (LCVs) in China, with an aim to sell 150,000 such vehicles a year by 2022, the two firms reported. The venture, Renault-Brilliance-Jinbei Automotive Co, will have manufacturing operations in Shenyang, the provincial capital of Liaoning, they said in a joint statement. It plans to produce and sell multi-purpose vans and commer

The Renault-Nissan alliance has announced plans to build electric cars in China in a new venture with Dongfeng Motor, joining the scramble by global automakers to meet Beijing's stringent quotas for zero-emission vehicles. The venture, eGT New Energy Automotive Co, will develop an electric mini-SUV to go into production in 2019 by Dongfeng, the carmaking alliance said, for sale under the partners' own brands. Dongfeng already builds conventional vehicles with Nissan and its F

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

Considering these disparate pressures on costs, there is no easy formula that OEMs or suppliers can use to improve their return on capital. The solution will likely come from a combination of actions. Part of the answer lies in consolidation, which reduces industry capital requirements by eliminating competition and combining two manufacturing and design footprints into one. To a degree, these goals explain 2016’s robust supplier M&A volume, continuing the trend of the previo