Renault Group and Geely Sign Joint Venture Agreement to Launch Leading Powertrain Technology Company

July 11, 2023 | Geely Automobile Holdings Limited, Zhejiang Geely Holding Group

Following the framework agreement announced in November 2022, Geely Holding Group, Geely Automobile Holdings Limited and Renault Group have signed today a binding 50/50 joint venture agreement to launch a new powertrain technology company that aims to become the global leader in developing, manufacturing, and supplying best-in-class hybrid powertrains and highly efficient ICE powertrain.