# Renault and Geely create joint venture for hybrid and combustion engines

Renault and Geely announced the creation of a joint venture to develop combustion and hybrid engines, aiming to improve competitiveness of their legacy auto business.

- Type: Partnership
- Announced: 2024-05-31
- Status: completed
- Products: combustion engines, hybrid engines
- 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/renault-geely-create-joint-venture-hybrid-combustion-engines-2024-05-31/), 2024-05-31: "French automaker Renault and Chinese partner Geely announced a highly anticipated joint venture on Friday that will develop combustion and hybrid engines."

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