Renault-Nissan to Set Up EV Venture With Dongfeng in China

Renault SA and Nissan Motor Co. will each hold 25 percent of eGT New Energy Automotive Co., with Dongfeng Motor Group Co. holding the rest, the automobile alliance said in a statement Tuesday, without providing investment details. The partners will design a new EV based on a small sport utility vehicle platform developed by the alliance, to be produced by Dongfeng, it said. The Chinese company currently makes Kadjar SUVs with Renault and Teana sedans with Nissan in the country. 

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