Geely will help Renault release powertrains
- March 31, 2023
- 0
The joint venture of the Chinese Geely and the French Renault is preparing to launch 17 plants in different countries of the world. These are not new sites,
The joint venture of the Chinese Geely and the French Renault is preparing to launch 17 plants in different countries of the world. These are not new sites, but current ones, which will undergo reorganization and adaptation.
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
Donald Salinas is an experienced automobile journalist and writer for Div Bracket. He brings his readers the latest news and developments from the world of automobiles, offering a unique and knowledgeable perspective on the latest trends and innovations in the automotive industry.
