China-based Renault manufacturing factory opens

February 01, 2016 | 15:36
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French-backed auto maker Renault has opened its first manufacturing factory in China.

The $870 million euros ($944.3 million) plant, Dongfeng Renault Automotive Company (DRAC), is a joint venture was established in December 2013 between between Renault and China’s Dongfeng Group.

The plant, located in Wuhan, is a greenfield plant built in just two years on the strength of a highly-skilled, multicultural team. This comprehensive production facility complies with high quality standards. It includes a vehicle assembly plant, a power train plant and a research & development centre. It has an initial production capacity of 150,000 vehicles per year and nearly 2,000 skilled employees. Production capacity has the potential to be doubled.

The first vehicle to be manufactured at the plant is Renault Kadjar, a sporty styled C-SUV. The car’s dynamic design and high-tech features meet the expectations of demanding Chinese customers. The SUV segment accounts for 30 per cent of the Chinese market and is the fastest-growing segment, increasing by 53 per cent. Renault Kadjar will be followed later in 2016 by a new D-SUV also built in Wuhan.

Renault is the world’s leading French car brand, with strong positions in many countries such as Brazil, Argentina, Russia, North Africa and Turkey. Together with Nissan, the Renault-Nissan Alliance is ranked fourth in the global car industry. Renault is also France’s number one car brand and has topped its domestic market for the last 30 years. Renault is the number three car brand in Europe and aims to reach second position in the course of 2016.

By By Thanh Tung

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