Renault And Brilliance Sign Strategic Cooperation Agreement With Liaoning Province, China
October 16, 2018 by Renault![Renault And Brilliance Sign Strategic Cooperation Agreement With Liaoning Province, China](images/articleimages/renault-liaoning-province-china-01-400.jpg)
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The Chinese LCV market forecast is for 3 million units per year, growing and moving rapidly. Increasing urbanization rate as well as an e-commerce explosion make new and optimized logistics as well as inner-city transportation schemes necessary for both people and goods. Urban last-mile delivery is expected to grow by 125% till 2030. China is also the biggest, fastest growing EV-market in the world. About Groupe Renault Groupe Renault, which has been making cars since 1898, is now an international corporation with a presence in 134 countries and sales of 3.76 million vehicles in 2017. Today, the company has over 180,000 employees, 36 manufacturing sites and 12,700 sales outlets worldwide. To meet the major technological challenges of the future while continuing to pursue its profitable growth strategy, Groupe Renault is focusing on international expansion. To this end, it is drawing on the synergies of its five brands (Renault, Dacia, Renault Samsung Motors, Alpine and LADA), electric vehicles, and its unique alliance with Nissan and Mitsubishi Motors. With a 100% Renault owned team committed to the Formula 1 World Championship since 2016, the brand is involved in motor sport, a real vector of innovation and awareness. About Brilliance China Automotive Holdings Limited Brilliance China Automotive Holdings Limited is a Bermuda incorporated limited liability company with its shares listed on the main board of The Stock Exchange of Hong Kong Limited. The Group is one of the leading automotive manufacturers in China through its subsidiaries, associated companies and joint ventures in the PRC. The principal activities of the Group are the manufacture and sale of automobiles and automotive components through its subsidiary Renault Brilliance Jinbei Automotive Co., Ltd., the manufacture and sale of BMW vehicles in the PRC through its joint venture BMW Brilliance Automotive Ltd., and the provision of auto financing services to customers and dealers through its subsidiary Brilliance-BEA Auto Finance Co., Ltd.
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