Renault and Geely joint venture approved by European Commission

The European Commission approved a joint venture between Renault Group and Zhejiang Geely Holding Group on November 17, 2023, with Saudi Aramco potentially taking a 20% stake, aiming to produce and sell powertrain systems globally.

“They will have to bring something that doesn't exist in China.”fleeteurope.com

• 1 source
• fleeteurope.comRenault and Geely aim to conquer the world with the new joint ventureAuthored by: Mufit Yilmaz GokmenNov 22, 2023

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