Renault (RNO.EPA) plans to use its Formula One brand and its alliance with Nissan Motor (7201.TYO) to buck slowing growth in the Chinese market, Reuters reported. After signing a joint venture deal with Dongfeng Motor Group (0489; HKG) on Monday, it said it plans to manufacture near-premium sport utility vehicles in 2016 with Nissan in order to increase its brand awareness in China. Renault expects to outpace Chinese market growth seen slowing to an 8% average for each of the next three years from 13.5% so far in 2013.