Renault - Geely Cooperate to Make Hybrid Cars in South Korea, Using Volvo Technology

Renault
Renault

French auto giant Renault Group has partnered with China's Geely Holding Group to develop hybrid cars (HEV) and gasoline engine cars (ICE).

The hybrid car and gasoline engine, the result of the collaboration between Renault and Geely, will invade the South Korean market so that production will be carried out at the Renault car factory in Busan, South Korea. Their first car will go into production in 2024.

"Through this project, Geely and Renault will pave the way to pursue a 20-year journey and contribute to the South Korean industry," said Renault Group CEO Luca de Meo in a press release quoted today, Sunday, January 23, 2022.

In addition to producing hybrid cars and low-emission gasoline engines, Renault - Geely will also optimize the automotive market in the Asian region. The two companies have not announced in detail the car model that will be made.

But they ensure the latest car will use the platform compact modular architecture (CMA) which was developed by Geely with Volvo in Sweden.

Meanwhile, Renault and Samsung will contribute design, technology and research in the South Korean domestic market to support this collaboration.

If the car is successful in South Korea, Renault will release the product in collaboration with Geely to other markets in Asia.

"We look forward to working with Renault and realizing new synergies that combine the strengths of both parties," said Geely Holding Group Chairman Eric Li.

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