# Geely, Geely Holding and Renault to form powertrain joint venture

Geely Auto, Geely Holding and Renault signed agreements to form a joint venture combining their internal combustion, hybrid and plug-in hybrid engine and transmission businesses. Geely Auto will hold 33%, Geely Holding 17% and Renault 50% of the JV.

- Type: Acquisition
- Announced: 2023-07-11
- Status: announced
- Products: internal combustion engines, hybrid engines, plug-in hybrid engines, transmissions
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Renault](https://endata.com/companies/20691.md) (partner)
- [Geely Auto](https://endata.com/companies/25741.md) (partner)
- [Geely Holding](https://endata.com/companies/25757.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/958514.html), 2023-07-11: "成立合资公司将整合集团、吉利控股集团及雷诺集团的内燃机、混合及插电式混合发动机及变速器业务。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.