# Renault Group and Geely form joint venture for powertrain technology

Renault Group and Geely have signed a joint venture agreement to create a leading provider of hybrid and high-efficiency powertrain solutions, each holding 50%.

- Type: Acquisition
- Announced: 2023-07-12
- Where: United Kingdom (headquarters), United Kingdom
- Jobs: 19,000
- Status: announced
- Capacity: up to 5 million engines and transmissions per year
- Products: hybrid engines, high-efficiency powertrains, 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 Holding](https://endata.com/companies/25757.md) (partner)

## Sources

- [presse.renault.de](https://presse.renault.de/renault-group-und-geely-unterzeichnen-joint-venture-fur-antriebsstrangtechnologie/?lang=deu), 2023-07-12: "Die Renault Group und Geely haben die Gründung eines Joint Ventures vereinbart, das zum führenden Anbieter von Hybrid- und hocheffizienten Antriebslösungen der nächsten Generation werden soll."

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