Industry/Official

Renault to acquire significant stake in Chinese EV player JMEV

JMEV-E400
JMEV E400

Renault has announced that the company will be taking a “significant stake” in JMEV – a Chinese pure EV player owned by JMCG (Jiangling Motors).

Apparently, JMEV has produced and sold 38,000 electric cars in 2017, while the expectation for 2018 is to sell 50,000 electric cars. Renault wants to increase its presence in the country and further support JMEV development.

“JMEV, the future joint venture with JMCG is fully in line with Groupe Renault’s strategy, aimed at establishing a solid position in the growing and high-potential market of EV in China. JMEV is an important local actor. This project is also very complementary with Groupe Renault other activities in China,” said François Provost, Chairman of Asia Pacific Region, SVP, China Operations, Groupe Renault.

However, this agreement will be reviewed by the authorities in China during the first half 2019. JMCG and Renault expect to close the transaction in 2019. At closing, they intend to reveal more details about their cooperation at an event in Nanchang.

Renault’s current electric offering includes Zoe, Fluence Z.E., Kangoo Z.E. and Master Z.E. vans, while its Alliance partner Nissan has Leaf and e-NV200 to offer. By 2022, Renault aims for 8 pure EVs.

JMEV-E400_2

JMEV currently has 5 products on offer, which includes a crossover, hatchbacks and a sedan. The E400 in its top-spec trim has a peak power output of 90 kW (121 bhp) and 285 Nm of torque. The lithium-ion battery offers a range of about 250 km as per NEDC. With normal household charging, the battery takes about 13 hours to fill up.

JMEV-E400-Interior

The crossover packs a good amount of features, including multifunction steering wheel, 7-inch LCD instrument cluster, in-car Wi-Fi, a mobile app, heated ORVMs, battery preheating function, 4 airbags, ABS + EBD, Tire Pressure Monitoring System and more.

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