Which country's brand is Dongfeng Renault?

Dongfeng Renault of Pacific Auto Network is a Sino-French joint venture brand, and Dongfeng Motor is a joint venture brand with Renault of France. 20 13 12.5 Dongfeng Renault project jointly established by Dongfeng and Renault was approved by the national development and reform commission, and the signing ceremony of the joint venture company was held on 12. 16.

According to the cooperation agreement signed between Dongfeng Motor and Renault, Dongfeng Motor holds 55% of the shares of Dongfeng Renault and Renault holds 45% of the shares, which is a transitional form for the two parties to form a joint venture company. The two parties will eventually form a joint venture company with 50% equity by increasing the capital of Dongfeng Renault. The goal of both parties is to build the joint venture company into a globally competitive automobile manufacturer. On April 14, 2020, Dongfeng Motor Group announced that in view of the decline of the domestic automobile market and the operating conditions of Dongfeng Renault, Dongfeng Renault intends to reorganize: Renault intends to transfer 50% of the shares to Dongfeng Motor Group, and Dongfeng Renault will stop its business activities related to the Renault brand. After the reorganization, Renault will continue to provide quality after-sales service to 300,000 customers through the cooperation of Renault dealer network and alliance. According to relevant media reports, Dongfeng Motor Group Co., Ltd. plans to transform and upgrade Dongfeng Renault. Will Dongfeng Renault simply? Withdraw from the China market? . (Photo/Text/Photo: Pacific Auto Network Tang Yanyan)