Anzeige der Artikel nach Schlagwörtern: Chinese LCV Market
Groupe Renault and Brilliance China Automotive sign an agreement for cooperation in the Chinese LCV market
- Groupe Renault and Brilliance China Automotive Holdings Limited (CBA) have signed a binding framework cooperation agreement related to the formation of a joint venture in China dedicated to the manufacture and sale of light commercial vehicles (LCV).
- This agreement sets forth the main principles agreed by Groupe Renault and CBA in the formation and operation of the joint venture.
- To form the joint venture Groupe Renault will purchase from CBA a 49% equity interest in Shenyang Brilliance JinBei Automobile Co., Ltd. (SBJ) with SBJ being restructured into a joint venture company owned by CBA (51%) and Groupe Renault (49%).
- The project will facilitate the common development of LCV business in China by Groupe Renault and CBA.
Publiziert in News 2017