The new joint venture with Dongfeng Motor Group is called eGT New Energy Automotive Co and will operate in China, the world’s largest market for electric vehicles.
Renault and Nissan will each hold 25% of the joint venture with Dongfeng retaining the remaining 50%.
It will develop an electric mini-SUV to go into production in 2019 – the companies involved say the car will be “intelligent” and “interconnected”.
The EV will be produced at the Dongfeng’s Shiyan plant, which has a production capacity of 120,000 vehicles a year.
Zhu Yanfeng, Chairman of Dongfeng, said: “We expect to meet the transformation trend of the market in China, where cars are becoming light, electric, intelligent, interconnected and shared.
“This is also testimony of a deepened and strengthened strategic co-operation between the three parties.”