BEIJING, February 1. French automobile Corporation Renault opened its first plant in China. This was reported today on the company’s website.
“Carlos Ghosn, President and CEO of the Renault group of companies, and Yanfeng Zhu (Zhu Yanfeng), President of the Chinese company’s “Dongfeng” (Dongfeng), he inaugurated a plant of Dongfeng Renault Automotive Company (DRAC) in Wuhan (Hubei province)”, – stated in the message of the company. After only two years after the formation of the joint venture’s first factory DRAC starts production of the new crossover Renault Kadjar”.
The initial production capacity of the plant is 150 thousand cars per year and can be doubled up to 300 thousand
Renault was one of the last major Western automakers that do not have their own factories in China, notes France Presse. According to the Agency, in 2014 Renault imported to China of 30 thousand cars and to the half in 2015. At the same time, the French competitor Renault – PSA Peugeot Citroen already has three plants in China together with “Dongfeng” and sells annually more than 700 thousand cars.