Renault will once again compete in the Chinese market by partnering with Geely, a brand that will produce hybrid cars in the Asian country.
Renault will return to the Chinese market thanks to a strategic partnership with the Geely Group (Volvo, Polestar, Geely, Lynk & Co). This news was announced by the French brand, which confirmed that both companies had signed an agreement to start this partnership, through which gasoline hybrid cars will be produced and sold in China with the Renault logo. These vehicles will be assembled at Geely plants and incorporate technology from the Chinese group, while the French firm will handle sales and marketing.
As part of this partnership, the two companies also agreed to explore the possibility of Geely producing Lynk & Co.- branded hybrid vehicles at Renault's factory in Busan, South Korea. As explained, this strategic partnership will focus mainly on China and South Korea, although it could expand to other Asian markets. Furthermore, the brands will also explore the possibility of developing 100% electric cars in the future.