earlier this year Renault-Nissan eclipsed Volkswagen and Toyota to claim the crown of ‘world’s largest car maker’ but it’s not through with its expansion yet.
Together, with the Dongfeng motor group (DMG), Renault Nissan has started ‘eGT new energy Automotive Co Ltd’, which will supply EVs to the rapidly expanding Chinese market. For those of you that are unfamiliar with the work of DMG, it is one of the greatest automakers in China, taking on domestic rivals like Geely (which owns Volvo and Lotus) and great wall Motors.
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Currently, the global battery electric automobile (BEV) market is thriving the world over, and if you are to believe the words of the China association of Automobile Manufacturers, no individual market is larger than China’s itself. 2016 sales figures show that 256,879 BEVs were sold in China during the course of the year, a figure which has ballooned by 121% compared to 2015. What’s more, if the current rate of BEV sales continues for the rest of 2017, they will likely tickle the 350,000 mark for the year, suggesting a additionally increase of around 36%.
To make sure each entity involved gets an equal share of the pudding, eGT is split 25:25:50, between Renault, Nissan, and DMG. The partnership is currently centred around the agreement that DMG and Renault-Nissan will co-develop an A-segment SUV (based on a platform supplied by the Renault-Nissan). once more, the company is not hanging around as the new automobile is set to begin production in 2019, only 16 months from now.