Geely and Renault Group Sign Framework Agreement to Create Leading Powertrain Technology Company
New global company to develop, produce and supply advanced hybrid and low-emission powertrains Framework agreement envisages Geely and Renault Group holding 50% stakes in new company New partnership aims to become leader in next-generation hybrid and highly efficient powertrain solutions to meet worldwide demand for years to come Initiative forms part of ‘Renaulution’ transformation at