Nissan, Renault Set Up R&D Base in China
Newsfrom JapanEconomy Science Technology
Tokyo, April 12 (Jiji Press)--Japan's Nissan Motor Co. <7201> said Friday that it has set up a research and development base in Shanghai jointly with its French alliance partner, Renault SA, to keep up with rising competition in developing next-generation technologies in China.
The two automakers equally invested in the base, Alliance Automotive Research and Development (Shanghai) Ltd., Nissan said. The value of the investment was not disclosed.
The Shanghai facility is their third joint R&D base, after those in Silicon Valley and Tel Aviv.
The companies expect the base will help them cut the lead time from R&D to market launch in order to meet the needs of Chinese customers promptly, Nissan said.
The Shanghai base will develop mainly technologies for autonomous driving, electric vehicles and connected vehicles by collaborating with local startups. Such technologies will be introduced chiefly in automobiles sold in China.
[Copyright The Jiji Press, Ltd.]