Subscribe free to our newsletters via your
. GPS News .




CAR TECH
Renault to set up in China: industry source
by Staff Writers
Beijing (AFP) Nov 27, 2012


French car maker Renault is planning to build a 200,000-vehicle a year plant in China, but needs political support to go ahead, a source with knowledge of the scheme said Tuesday.

For years Renault has left the Chinese market -- the world's biggest -- to its Japanese alliance partner Nissan, as part of their geographical division of markets.

The factory is to be built in Wuhan, in central China, by Renault and its joint venture partner Dongfeng, said the source, who works in the same area.

But an environmental impact assessment still has to be completed and the approval process will take several months, the source told AFP, and was likely to involve high-level political figures from France and China.

"It will be good if the foundation can be laid before the end of 2013," the source said.

The project is already being assessed by the National Development and Reform Commission, China's planning agency which approves all major industrial projects, the China Business News daily reported.

The first phase would cost 6.5 billion yuan ($1.04 billion), the paper reported.

In September, Renault's chief operating officer Carlos Tavares told the Paris Motor Show that a request was "made in early September to Chinese authorities to grant us a licence to manufacture".

"We hope that by the end of the year we will see positive signs," Tavares said.

Dongfeng Group already has joint ventures with Nissan, which has Renault as its biggest shareholder, France's PSA Peugeot Citro�n, and Japan's Honda.

In 1993, Renault set up a joint venture with China Sanjiang Space Group to produce the Traffic minibus, but production stopped in 2003.

According to a report by the consultancy McKinsey, the Chinese market for cars will grow eight percent per year to reach 22 million units in 2020.

Germany's Volkswagen announced Friday it would invest almost $13 billion in its joint ventures in China for 2013-15.

.


Related Links
Car Technology at SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








CAR TECH
GM cars to use Apple voice assistant Siri
Los Angeles (AFP) Nov 27, 2012
General Motors said Tuesday it will integrate Apple's voice-activated software Siri in some of its cars next year to allow iPhone users to perform hands-free tasks. GM announced at the Los Angeles International Auto Show it will use the Siri intelligent assistant in the Chevrolet Spark and Sonic LTZ and RS. "Through the cars' standard Chevrolet MyLink infotainment system, customers with ... read more


CAR TECH
Stopping Flies Before They Mature

Scientists find clues to more disease resistant watermelons

Saving Water without Hurting Peach Production

Pear genome provides new insight into breeding improvement and evolutionary trace analysis

CAR TECH
Engineers pave the way towards 3D printing of personal electronics

Antenna-on-a-chip rips the light fantastic

Fabrication on patterned silicon carbide produces bandgap to advance graphene electronics

Important progress for spintronics

CAR TECH
French police fire tear gas anew on airport protest

Owls' ability to fly in acoustic stealth provides clues to mitigating conventional aircraft noise

China Eastern Airlines to buy 60 A320 aircraft

Mosquitos fail at flight in heavy fog

CAR TECH
GM cars to use Apple voice assistant Siri

Canada orders automakers to halve emissions

Honda chief eyes more exports from US

Renault to set up in China: industry source

CAR TECH
Anger at Chinese businesswoman's foreign passport

Smuggling surges in China: state media

Myanmar copper mine protesters charged: police

GE says 'Industrial Internet' could be worth trillions

CAR TECH
Drained wetlands give off same amount of greenhouse gases as industry

Maple syrup, moose, and the local impacts of climate change

Dry leaves make for juicy science

Preserve the services of mangroves - Earth's invaluable coastal forests

CAR TECH
China successfully launches remote sensing satellite

What lies beneath? New survey technique offers detailed picture of our changing landscape

How many Russian Earth observation satellites will be in orbit by 2015?

A SPOT 6 Success Story

CAR TECH
Penn Researchers Make Flexible, Low-voltage Circuits Using Nanocrystals

King's College London finds rainbows on nanoscale

Optical microscopes lend a hand to graphene research

Controlling heat flow through a nanostructure




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement