Renault inaugurated its first plant in ChinaThis is the result of the collaboration of the French car firm Renault with Dongfeng Automobile Corporation, based in the city of Wuhan. Renault Kadjar-new SUV for the French car maker's will was the first car factory. On December 16, 2013, during the week of the 50th anniversary of establishing Sino-French relations, Renault and Dongfeng Automobile Corporation has signed the agreement to establish a joint venture car maker Dongfeng-Renault DRAC (Dongfeng Renault Automotive Company) with total capital amounting to 870 million euros, the localization rate of over 80%.This is the first joint-venture cooperation rate 50:50 and also one of the very few venture this form in Chinese Auto market. An immediate Board was established with 20 people, in which each side has 10 people. On January 9, 2014, construction groundbreaking ceremony took place with quick determination of construction in the shortest time.After more than two years of construction, on 1/2/2016 Renault car assembly plant was officially inaugurated and put into operation. The first model released will be the small SUV named Renault Kadjar. This is also the model cars were Renault introduced in Guangzhou automobile exhibition in November 2015.
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