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    Home > Finance > Renault’s China JV with Brilliance heading into restructuring
    Finance

    Renault’s China JV with Brilliance heading into restructuring

    Published by maria gbaf

    Posted on December 23, 2021

    2 min read

    Last updated: January 28, 2026

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    Quick Summary

    Renault's joint venture with Brilliance Auto Group in China is restructuring due to financial issues, affecting their electric van production plans.

    Renault's China Joint Venture Faces Restructuring Challenges

    PARIS (Reuters) -Renault on Wednesday confirmed a report that its joint venture with Chinese carmaker Brilliance Auto Group had run out of cash and is heading for a restructuring.

    “In light of (the JV’s) inability to meet its current financial obligations, the company’s board of directors has resolved to initiate a restructuring process,” a spokesperson said.

    A source in September told Reuters Renault was in discussions to end its joint venture to build vans with the state-backed Chinese company.

    The tie-up dates back to 2017, when Renault and Brilliance China Automotive Holdings Ltd established manufacturing operations in Shenyang, the provincial capital of Liaoning, and set out to make a push into electric commercial vans in particular.

    The Chinese market has proved difficult for some foreign producers – sales faltered right before the COVID-19 pandemic, which walloped the industry.

    Renault last year ditched its main passenger car business in China following poor sales at its loss-making venture with Dongfeng Motor Group. But it is making a fresh attempt to crack the market with Geely Holding Group, announcing in August a hybrid vehicle joint venture.

    Bloomberg earlier on Wednesday reported that the French carmaker had decided to initiate a restructuring process.

    (Reporting by Tassilo HummelEditing by Chizu Nomiyama and Grant McCool)

    Key Takeaways

    • •Renault's JV with Brilliance Auto Group is restructuring.
    • •The JV ran out of cash, prompting financial reevaluation.
    • •Renault previously exited a venture with Dongfeng Motor Group.
    • •The JV aimed to produce electric commercial vans in China.
    • •Renault plans a new hybrid venture with Geely Holding Group.

    Frequently Asked Questions about Renault’s China JV with Brilliance heading into restructuring

    1What is the main topic?

    The main topic is Renault's joint venture with Brilliance Auto Group in China facing restructuring due to financial difficulties.

    2Why is Renault restructuring its joint venture?

    Renault is restructuring its joint venture because it ran out of cash and could not meet its financial obligations.

    3What are Renault's future plans in China?

    Renault plans to pursue a new hybrid vehicle joint venture with Geely Holding Group in China.

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