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00:00:00
>> China's thirst for more electric cars is driving new partnerships between automakers. The latest, a joint venture between Nissan Motor, its partner Renault and Dongfeng Motor Group, called eGT New Energy Automotive Co. Nissan's LEAF compact hatchback has become the world's top selling electric car since its launch in 2010.
00:00:22
Renault's own version, ZOE, also has healthy sales. But China is the world's largest market for what it calls new energy vehicles. And it wants electric and plugin hybrids to make up at least a fifth of the country's auto sales by 2025. That's seen automakers accelerating investment there with the government stipulating that batteries for electric vehicles are made in China.
00:00:45
The new energy automotive car will be owned 25% each by Nissan and Renault with Dongfeng owning 50%. Production is widely tipped to start in 2019.