As part of the partnership, the companies will develop and design next-generation gasoline engines, as well as hybrid powertrains and transmissions, according to Reuters. In the joint venture, each of the car manufacturers will receive 50% of the shares.
The assembly plants are expected to produce at least 5,000,000 engines for Renault and Geely models each year, providing nearly 20,000 jobs in more than 130 different countries.
In addition, manufacturers are actively working on electrical technologies. Moreover, the French decided to completely surrender their developments in this segment to the mercy of the new Chinese partners.
As part of the partnership, the companies will develop and design next-generation gasoline engines, as well as hybrid powertrains and transmissions, according to Reuters. In the joint venture, each of the car manufacturers will receive 50% of the shares.
The assembly plants are expected to produce at least 5,000,000 engines for Renault and Geely models each year, providing nearly 20,000 jobs in more than 130 different countries.
In addition, manufacturers are actively working on electrical technologies. Moreover, the French decided to completely surrender their developments in this segment to the mercy of the new Chinese partners.
Source: Avto Vzglyad
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