|Bid||10.520 x 0|
|Ask||10.560 x 0|
|Day's Range||10.160 - 10.660|
|52 Week Range||7.450 - 11.280|
|PE Ratio (TTM)||6.12|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
U.S. car companies risk missing out as foreign producers ink the necessary partnerships to make new-energy vehicles in China.
BEIJING/PARIS (Reuters) - The Renault-Nissan alliance has announced plans to build electric cars in China in a new venture with Dongfeng Motor, joining the scramble by global automakers to meet Beijing's stringent quotas for zero-emission vehicles. The venture, eGT New Energy Automotive Co, will develop an electric mini-SUV to go into production in 2019 by Dongfeng, the carmaking alliance said, for sale under the partners' own brands. Dongfeng already builds conventional vehicles with Nissan and its French parent Renault.
Nissan and its partner Renault will build electric cars in China in a new venture with Dongfeng Motor, as global automakers scramble to get ready for stringent electric vehicle quotas being introduced by the nation. China, the world's biggest auto market, wants all-electric battery cars and plug-in hybrid vehicles to make up at least a fifth of the country's auto sales by 2025, as part of its solution to tackle alarming pollution levels in major cities.