Shanghai, May 13 (Gasgoo.com) French auto maker Renault is to build new minibuses in China's Hubei province starting 2010, Automotive News Europe reports.
The mini-bus project, clodenamed W72, will be carried out at Renault's derelict Sanjiang Renault, its Chinese venture with Sanjiang Space Industry Group between 1994 and 2002.
The automaker will reportedly invest 1.5 billion yuan (US$215 million) in the project, which will have an annual capacity of 40,000 units a year.
With an investment of $98 millionn, Renault began to build Trafic light buses at the Sanjiang venture early in 1994, but the venture gradually abandoned production due to poor sales resulting from low localization rate.
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