Geely Automobile Holdings to acquire 34.02% stake in Renault Korea Motors

Geely Automobile Holdings will subscribe for 34.02% of shares in Renault Korea Motors through a capital increase. The deal will enable production of hybrid and ICE vehicles at the Busan facility starting in 2024.

“This will enhance the collaboration between Renault Group and Geely Auto in future projects around the launch of an all-new vehicle lineup for the South-Korean market as announced in January 21, 2022.”media.renaultgroup.com

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• media.renaultgroup.comGeely Automobile Holdings to acquire 34.02% of the shares of Renault Korea Motors - Renault Group global media websiteMay 9, 2022

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