Renault-Nissan Alliance is looking to break into the Chinese electric car market.
On Tuesday, the Renault-Nissan Alliance announced it's forming a joint venture with Dongfeng Motor Group with the aim of developing and building plug-in electric cars specifically for the Chinese market.
The demand for electric cars is growing exponentially. In 2016 over 2 million vehicles with a battery on board providing all or some of the propulsion were sold worldwide for the first time in history. What's more, China is quickly emerging as the world's single biggest market for all things EV. Last year, China accounted for 256,879 plug-in electric car sales.
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