Renault to partner with Geely to manufacture hybrid vehicles in China and South Korea
By Christopher Ludwig2021-08-09T22:22:00
Renault has agreed a framework with Geely to share vehicle platforms and production for hybrid vehicles in Asia, including using Geely plants in China and localising Lynk & Co platforms in South Korea.
Renault and Geely have agreed to form a joint venture to produce and sell hybrid electric vehicles in Asia. The carmakers plan to share resources, notably leveraging one another’s existing development, manufacturing and supply chains, especially Geely’s footprint in China and Renault’s in South Korea.
The two OEMs have set out a partnership framework in a memorandum of understanding, although neither have revealed details yet as to what would be the ownership share or controlling interest in any joint venture.