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Geely Holding Group, Geely Automobile Holdings and Renault Group established a 50:50 joint venture to research, develop, manufacture and supply advanced hybrid and fuel powertrains globally. The new company will be headquartered in the UK with five R&D centers and 17 factories.
“Geely Holding Group and Geely Automobile Holdings Limited have established a new company with Renault Group to research, develop, manufacture, and supply advanced hybrid powertrains and efficient fuel powertrains globally.”bitauto.com
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