Renault will piggyback on partner Nissan’s product and strategy in its overdue entry to the Chinese carmaking market as it seeks rapid catch-up with competitors.
The French carmaker this month received approval for a $1.3bn joint venture to build cars in China, the biggest car market, with Dongfeng, which has built cars with Nissan in the country for the past 10 years.
Renault would use the same product platforms built and sold by Nissan in China under different model names, and share market segments, engines, parts and supply chains, three people with knowledge of the company’s strategy told the Financial Times.
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