Login

Geely Holding Group And Renault Group To Sign MOU

Following the adoption by Geely Holding's opensource strategy for its full vehicle architectures, Geely Holding will partner with Renault Group in the Chinese and Korean markets.
Calendar-icon

By Ameya Naik

clock-icon

1 mins read

Calendar-icon

Published on August 9, 2021

Follow us on

google-news-icon
Story

Highlights

    Renault Group and Geely Holding Group, have jointly announced an MoU framework agreement to create an innovative cooperation. The cooperation, focused on China and South Korea as initial key core markets, will allow Renault Group and Geely Holding to share resources and technologies. The focus will be on hybrid vehicles in the fast-growing Asian markets.

    Following the adoption by Geely Holding's opensource strategy for its full vehicle architectures, Geely Holding will partner with Renault Group in the Chinese and Korean markets. In China, based on Geely Holding's existing technologies and mature industrial footprint, both partners will jointly introduce Renault-branded hybrid vehicles. Renault will contribute on branding strategy, channel and service development, defining appropriate customer journey.

    aujpvl7

    Both partners will jointly introduce Renault-branded hybrid vehicles in China.

    In South Korea, where Renault Samsung Motors has over two decades of experience, the MoU allows Renault Group and Geely Holding to jointly explore localization of vehicles based on Lynk & Co's energy-efficient vehicle platforms for local markets. Both partners will continue to explore in-depth further potential, under the spirit of open and innovative partnership mode.

    Calendar-icon

    Last Updated on August 9, 2021


    Stay updated with automotive news and reviews right at your fingertips through carandbike.com's Google News

    Related Articles

    Latest News

    Popular Renault Models