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Geely Holding Group and Renault Group signed a non-binding framework agreement to form a new company, each holding 50% equity, to develop, manufacture, and supply advanced hybrid and efficient fuel powertrains globally. The new company will operate 17 factories across three continents with about 19,000 employees and annual capacity of 5 million units, supplying over 130 countries.
“吉利和雷诺集团将分别持有新公司50%的股权。”zgh.com
Summarized from public sources; check the original articles before acting on it.