Dongfeng-Renault's slumping car venture readies 6 new models by 2022
Dongfeng-Renault joint venture plans to roll out six new products in the next three years in China.
Under the plan, the joint venture will launch two new models each year, one of which will be locally produced and the other imported.
The locally built Renault Captur went on sale last week with a starting price of 99,800 yuan ($14,136). The subcompact crossover is the fifth product Dongfeng-Renault has introduced in China. The other four models are the imported Espace multi-purpose vehicle and three locally produced models - the Koleos compact crossover, the Kadjar compact crossover and K-ZE subcompact crossover.
Among the five products, the K-ZE, known as "e-Nault" in China, is a full electric vehicle, and the remaining models are fueled by gasoline.
The new models to be introduced in the next three years will include hybrid vehicles. By 2025, its products offered in China will be all electrified, Dongfeng-Renault said.