Renault Group and Geely sign joint venture for powertrain technology company

Renault Group and Geely signed a binding 50/50 joint venture agreement to launch a new powertrain technology company. The company will include 17 engine plants and 5 R&D centers, aiming for annual production capacity of up to 5 million engines and transmissions. Aramco is evaluating a strategic investment.

“Renault Group and Geely signed a joint venture agreement, with each entity holding 50% stake in the new company”newsroom.geely.com

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• newsroom.geely.comRenault Group and Geely Sign Joint Venture Agreement to Launch Leading Powertrain Technology CompanyJul 11, 2023

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