Geely Holdings and Renault Group have joined hands and inked a Memorandum Of Understanding (MOU) to put in place a framework of cooperation to market cars in both China and Korea. The venture, as part of Renault’s namesake “Renaulution Plan” will see both companies share resources and technologies to introduce hybrid and other new-energy vehicles in China and Korea. 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 to branding strategy, channel and service development, defining appropriate customer journey. In South Korea, where Renault Samsung Motors…