Renault Teams Up With Geely to Develop Electric Cars in China, South Korea
Yang Haiyan
DATE:  Aug 09 2021
/ SOURCE:  Yicai
Renault Teams Up With Geely to Develop Electric Cars in China, South Korea Renault Teams Up With Geely to Develop Electric Cars in China, South Korea

(Yicai Global) Aug. 9 -- Groupe Renault is joining forces with China’s largest private carmaker Zhejiang Geely Holding Group in another attempt to break into the world’s biggest auto market, just one year after the French vehicle manufacturer withdrew from a failed partnership with Dongfeng Motor, and also South Korea.

The pair will develop Renault-branded hybrid vehicles based on Geely’s technologies, supply chains and manufacturing facilities in China, Hangzhou-based Geely said today. They will also leverage Geely’s Swedish new energy vehicle unit Lynk & Co. to develop autos specially designed for the South Korean market where Renault has a joint venture with Samsung Motors.

Renault revealed plans for a big electrification push in January in order to regain competitiveness. The Boulogne-Billancourt-based firm plans to debut 24 new models by 2025, at least 10 of which will be zero emission. Last year the French firm sold 120,000 electric cars, most of them in Europe. It has yet to debut a best-selling new energy vehicle in China.

Geely and Renault have teamed up before. Geely’s UK sports car brand Lotus is developing an all-electric car under the Renault marque Alpine.

Editors: Liao Shumin, Kim Taylor

 

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Keywords:   Geely,Renault Group