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Geely recharges Renault's Chinese ambitions with hybrid tie-up

August 10, 2021
Source: nikkei.com nikkei.com
News Snapshot:
A Renault hybrid vehicle: The French automaker is eyeing a slice of what stands to be an enormous market for low- and zero-emissions cars. © Reuters SHUNSUKE TABETA, Nikkei staff writer August 10, 2021 02:55 JST | China Copy Copied BEIJING -- Volvo Car owner Geely will team up with the Renault group on hybrid vehicles in China and South Korea, in the latest European alliance for the largest private-sector Chinese automaker in the world's biggest auto market. Zhejiang Geely Holding Group is expected to take a majority stake in a new joint venture under a memorandum of understanding announced...
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Tags: alliance | ASIA | auto | automobile | Baidu | Beijing | brand | car | chairman | China | Chinese | Daimler | European | France | Germany | Japan | joint venture | Nissan | Samsung | search engine | South Korea | Sweden | technology | Xi Jinping | Zhejiang

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