Renault signed a deal with Chinese company Donfonj, to create a joint venture to manufacture electric cars and vehicles (SUV), and this is what has been agreed upon between the two companies last month.
And this deal is a step forward for Renault to manufacture cars in emerging markets to be able to compete with other European firms, such as Volkswagen, will be the final agreement between the two companies at the end of this year after waiting for final approval of cried.
Renault is seeking to increase its market share in China, which amounted to 24 in sales last year, Renault is also considering opportunities for industrial cooperation with China Donfonj with its joint with Nissan.
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