China: Renault sales to reach 800,000 units image

Chief Executive Officer Carlos Ghosn has made a bullish forecast for the sales of the Renault brand in China, the world’s largest auto market – annual deliveries of 800, 000 autos.

The prediction is seen as rather surprising because the French automaker, involved in a long-standing alliance with Japan’s Nissan, is a brand that arrived late in the Asian country. While the French carmaker only sold 32,000 vehicles in China in 2013, Ghosn envisions sales rising just as fast as Ford’s – another latecomer. The US automaker has enjoyed incredible deliveries, with double digit jumps every month until recently.

“Renault has a 4 percent market share globally. It is a reasonable objective for Renault to reproduce this in China,” commented Ghosn. The 800,000 annual sales have been taken as 4% from the 20 million cars and light-commercial vehicles the brand sells.

Without providing a specific timeframe for the completion of the objective, Renault is now on its way to open a Chinese plant with joint-venture partner Dongfeng in Wuhan, in 2016. The factory should bring a production capacity of 150,000 units – and with enough demand the facility can double the output to 300,000. So far, a compact model, a midsize car and two crossovers are scheduled for local production.

Via Automotive News Europe