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Renault Exits Main China Venture Amid Weak Sales, Virus Woes

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Renault Exits Main China Venture Amid Weak Sales, Virus Woes
Chinese workers stand next to a Kadjar car at the production line of France's Renault and China's Dongfeng Group factory in Wuhan, China, on Feb. 1, 2016. Johannes Eisele/AFP/Getty Images
Tom Ozimek
Updated:

Carmaker Renault is quitting its main passenger car business in China following a long trend of weak sales exacerbated by the COVID-19 outbreak.

The company intends to relinquish its shares in a joint venture with Dongfeng Motor Group, with which it partnered in 2013 to build gas-powered passenger cars, Groupe Renault representatives stated in a release on April 14.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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