Dongfeng Motor to acquire the remaining stake in Dongfeng Renault Automotive from Renault.

Dongfeng Motor greed to acquire the remaining stake in Dongfeng Renault Automotive, a joint venture set up by Renault and Dongfeng Motor, from Renault. Financial terms were not disclosed. DRAC will stop its Renault brand-related activities. Renault will continue to provide aftersales service for its 300k customers through Renault dealers. "We are opening a new chapter in China. We will concentrate on electric vehicles and light commercial vehicles, the two main drivers for future clean mobility and more efficiently leverage our relationship with Nissan," Francois Provost, Renault Senior Vice President.