#Renault #Group
Geely and the Renault Group sign a framework agreement to create a leading powertrain
A new global company to develop, produce and deliver engines and gearboxes Hybrids and low emissions
- Under the framework agreement, Geely and the Renault Group will each hold 50% of the shares in this new company.
- This new partnership aims to create the market leader in the next generation of hybrid and low-emission thermal powertrains to meet global demand for years to come.
- This initiative is part of the transformation renovation by Renault Group and Geely’s transition to smart e-mobility services.
- The new company will supply a full range of state-of-the-art engines and transmissions, including electrified versions, to many brands around the world.
- After establishment, the new company will include 17 mechanical factories…
