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29 March 2019 by Aimee Sean - Event

China, a high-potential automotive market for Groupe Renault

Some 28.1 million cars were sold in China in 2018, making it the world’s largest automotive market. With a car ownership rate that remains low, at 141 cars per 1,000 inhabitants (compared with around 600 in Western Europe and 800 in the United States), the country is attracting carmakers. Groupe Renault's number-four market, China is one of the key pillars in the Drive the Future strategic plan owing to its strong growth potential. Renault’s strategy is based on three joint ventures. With a little over two weeks to go before the Shanghai Motor Show, we review the major trends in the Chinese automotive market.

Tags: china show