Geely and Renault Group to form 50-50 powertrain joint venture

Geely and Renault Group signed a non-binding framework agreement on November 8, 2022, to create a new global company with 50-50 equity stakes, developing and supplying hybrid and low-emission powertrains. The new company will operate 17 plants and 5 R&D centers across 3 continents.

“Geely and Renault Group have signed a non-binding framework agreement to create a new global leader to develop, manufacture and supply best-in-class hybrid powertrains and highly efficient ICE powertrains.”media.renaultgroup.com

• 1 source
• media.renaultgroup.comGeely and Renault Group sign framework agreement to create leading powertrain technology company - Renault Group global media websiteMinatchi TonyNov 8, 2022

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