Legal counsel involved in a new joint venture between Nissan (China) Investment and its parent company Nissan Motor, Renault and Dongfeng Motor Group Company said changing industrial policies posed a big challenge with the deal.
The joint venture, with registered capital of RMB140 million (US$21.5 million), was named eGT New Energy Automotive. King & Wood Mallesons (KWM) acted as legal counsel for Nissan, providing full services for the project ranging across investment, corporate governance, intellectual property and compliance.
Established in Shiyan City, Hubei province, the joint venture will develop new purely electric vehicles based on Renault-Nissan Alliance’s electric vehicle technology. The vehicles will be sold to the Chinese market via distribution channels of the alliance and Dongfeng.