# Geely and Renault form joint venture for gasoline engines and hybrid technology

Geely Automobile Holdings and Renault SA announced a joint venture to develop gasoline engines and hybrid technology, with an investment of up to 7 billion euros. The JV is equally held and aims to produce efficient internal combustion engines and hybrid systems.

- Type: Partnership
- Announced: 2023-07-11
- Value: $7.71B (7.00B EUR)
- Status: announced
- Products: gasoline engines, hybrid technology
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Renault](https://endata.com/companies/20691.md) (partner)
- [Geely Automobile Holdings](https://endata.com/companies/27939.md) (partner)

## Sources

- [reuters.com](https://www.reuters.com/business/autos-transportation/geely-renault-sign-jv-engage-powertrains-business-2023-07-11/), 2023-07-11: "The JV is aimed at manufacturing more efficient internal combustion engines and hybrid systems."

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