BEIJING — French automaker Renault SA inks an agreement with Huanghai Automotive Corp. Ltd. (formerly Dandong Automotive Plant) to set up a large-bus joint venture in Dandong in China's Liaoning province. The establishment of the JV is expected by the end of the year and will boost Huanghai's annual production capacity to 500 deluxe large buses. The JV has a planned total investment of US$30 million, split 50/50 between Renault and Huanghai. Renault will invest technology and cash, while ...
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