Renault has finally won approval from the Chinese authorities to begin production there in a joint venture with the Dongfeng Motor Group. <br /><br />That comes after almost a decade of negotiations with China’s second-biggest carmaker.<br /><br />The new venture will produce cars and engines under both companies’ brands, with initial annual capacity of 150,000 vehicles.<br /><br />It is good news for Renault’s growth prospects but could complicate efforts by its struggling French rival Peugeot to expand its own partnership with Dongfeng.<br /><br />Renault is a latecomer to China, where fast-growing demand has helped other European manufacturers offset poor sales at home.
