Renault, a latecomer to China, could sell up to 800,000 vehicles annually in the country, CEO Carlos Ghosn said.
Renault will open a factory in Wuhan, China, with Dongfeng Motor in 2016 with an initial annual capacity of 150,000 units that can be doubled if there is enough local demand.
Renault CEO Carlos Ghosn’s latest revenue and profit targets for the automaker have sparked mixed reaction from analysts, some saying the company was playing it safe while others were more skeptical.Ghosn aims to increase revenue by about 25 percent to 50 billion euros in 2017, a year later than originally planned, and to boost operating margin to 5 percent, up from 3 percent last year.
