Exclusive: Nissan, Dongfeng is in talks to pose for fleet management venture with A resources

BEIJING (Reuters) – Nissan Motor Co. and its China partner, Dongfeng Group, are in talks with A Chuxing the launch of a joint venture for the management of a fleet of vehicles for A ride-from-and car-sharing services to five people familiar with the discussions told Reuters.

FILE PHOTO: The logo of the Chinese, the ride from firm to A Chuxing, it is to be seen on the new driver’s center in Toluca, Mexico, on April 23, 2018. REUTERS/Carlos Jasso/File Photo

They are also exploring the possibility of the Nissan-Dongfeng venture is to design and build a vehicle tailor-made for the Didi ride-hailing service cars, which are likely to be battery-powered and, ultimately, without the drivers, the people said.

For a partnership that would help the Japanese car maker in China’s production quota for electric vehicles and plug-in hybrids, which would be similar to a venture with Volkswagen AG VOWG_p.DE set A from the previous year.

As part of the planned deal, Nissan’s China joint venture, would help in the management of the vehicle fleet from petrol to fuel, and electric cars have a lot of cities for She, the dominant one of the country’s drive from the enterprise. It would also help with the maintenance of a fleet of vehicles, in which cars are rented to the independent members of the board.

Nissan’s venture with Dongfeng Group, could supply the vehicles, though some cars may well come from the Dongfeng’s own brand, said the people, declining to identified as the discussions were not open to the public.

Nissan, Dongfeng, and She declined to comment.

Three of the sources said that the talks underway since last year,,, far along, though one source cautioned that a greater control on the companies on how the money is to be invested lead to a delay in the completion of the deal.

Nissan, which is struggling with a strained relationship with one’s partner, Renault SA, and after the expulsion of its former president, Carlos Ghosn, has forecast a fourth year of steep decline in profits for the year.

She has been under pressure from investors to see a quicker and healthier route to the bottom line, separate sources familiar with the matter have said.

The meeting in China, it is a hard quota for the so-called new energy vehicles (NEVs), a certificate of a headache for automakers in China.

To convince consumers of the benefits of the electric car is not easy, government subsidies for the purchase of EVs will roll back the vehicle, and the demand has slowed down, with the sentiment in the market is also affected by the trade war with the United States of america.

It is common for auto manufacturers such as Nissan and make sure that they have a certain number of guaranteed sales of new-energy vehicles,” said Yale Zhang, head of Shanghai-based Automotive consulting for a long-term perspective.

Car makers such as Geely [GEELY.UL], SAIC, Dongfeng, Changan [SASAGG.UL], and HE [SASACJ.UL] are also made from car-sharing and ride-hailing services.

Under the planned deal, in the crowded towns and cities, where local governments have restricted the use of gasoline-powered cars, the Nissan and Dongfeng would offer a battery-electric vehicle. Two of the sources said, as a model, it would probably be an all-electric version of the Nissan Sylphy sedan.

Other methods that manufacturers can implement in order to comply with the NEV production quotas for the purchase of ZEVS credits from other vehicle manufacturers, with an amount of points to invest in, or form a joint venture with a Chinese EV start up, or buying a car-share operator in China, sources at Nissan have said.

She added that, in the future, Nissan hopes to be the company She will be an invaluable insight in to the catering to the consumers who are opting out of car ownership and reliance on the drive-from-and car-sharing services – a trend that is expected to gather steam as the traffic congestion in China’s biggest cities are even worse.

FILE PHOTO: The logo of Nissan is seen on a car at the Prague auto show Prague, Czech Republic, April 13th, 2019 at the latest. REUTERS/David W Cerny/File Photo

Didi’s desire to have their own vehicles which are specially designed for the drive to and from, it is something that has been discussed with Volkswagen, as part of a separate joint venture company, sources have said previously.

Such cars will probably look very different from vehicles used for commuting to and from work today.

They would have had very little opportunity to move, as soon even as their engines could be much smaller, as well as the features of the preferred auto-owners, such as the large wheels, and sleek, aerodynamic styling that can be taken to be or to have been altered. As for the cars, usually with one or two people at the same time, they are likely to have less seats and more space for the luggage, the sources said.

Reporting by Norihiko Shirouzu; Editing by Edwina Gibbs

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