Renault, Chinas Geely announced powertrain joint venture

News Summary

  • They gave no financial terms but said each partner will own half of the venture.It will supply brands owned by or linked to Renault and Geely including Nissan, Mitsubishi, Volvo Cars, Renault, Dacia, Geely Auto, Lynk & Co. and Proton, the companies said.
BEIJING (AP) Renault SA and Chinas Geely announced plans Tuesday for a jointly owned venture to produce gasolinepowered and hybrid powertrains, adding to a series of partnerships between global aut [+2525 chars]