Groupe Renault and Brilliance China Automotive – which have previously formed the Renault Brilliance Jinbei Automotive joint venture to manufacture and sell light commercial vehicles – have signed a strategic cooperation agreement with Chinese officials from Liaoning Province to further accelerate growth of LCVs in China. Renault also confirmed plans for three new electric light commercial vehicles for China within two years.
“Ten months after our initial launch of our joint venture in China with Brilliance, we have a local management team in place, [and an] LCV product plan to deliver further growth with seven LCVs for China including three electric LCV models, starting in early 2019. Our agreement with the local government in Liaoning province will strengthen our foundation for growth,” said Renault chairman and CEO Carlos Ghosn.
“The city of Shenyang and Liaoning province commit support to vehicle projects, new energies and R&D activities, industrial development, promotion of local suppliers and product development,” added Tang Yijun, governor of Liaoning province. “Renault Brilliance Jinbei Automotive Company will play a crucial role in the sustainable industrial development of Shenyang, in the revitalization of the local economy, promoting environment-friendly technical solutions and products, and supporting the enterprises in the Liaoning Province.”
Groupe Renault and Brilliance China Automotive Holdings Limited formed the joint venture in 2018, focused on manufacturing and selling LCVs under the Jinbei, Renault and Huasong brands – with the goal of achieving 150,000 sales annually by 2022 – and an acceleration of electrifying powertrains.