Geely and Renault to form powertrain joint venture

Geely Holding and Renault Group signed a non-binding framework agreement to create a new global company for hybrid and internal combustion powertrains. The venture will have 17 plants, 5 R&D centers, and 19,000 employees, with each partner holding a 50% stake.

“Geely Holding 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 internal combustion powertrains.”news.cision.com

• 1 source
• news.cision.comAurobay part of new global company for next generation powertrains - AurobayNov 8, 2022

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