China okays USD 1.3 billion Renault-Dongfeng JV. | News On Project

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Published On:December 9 2013

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China okays USD 1.3 billion Renault-Dongfeng JV.

China has approved a long awaited USD 1.3 billion joint venture between its carmaker Dongfeng and France's Renault, the only global top 10 automaker not producing in the world’s biggest market.

The deal was announced as French Prime Minister Jean-Marc Ayrault arrived in China for a five-day visit expected to be dominated by trade issues.

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