Renault to Pair Up With China's Geely in Combustion-Engine Venture

2 weeks ago 13

PARIS—France’s Renault SA and China’s Geely Automobile Holdings Ltd. are forming a associated task focused connected gasoline-powered engines and hybrid technology, the latest illustration of car makers sharing the burden of improvement costs arsenic the manufacture grapples with the modulation toward electrical vehicles.

Renault announced the woody Tuesday arsenic it elaborate plans to divided itself into respective divisions, including the combustion-engine-focused task with Geely and different connected electrical vehicles and software, which it plans to rotation disconnected arsenic soon arsenic adjacent year. It said it was successful talks with longtime confederation spouse Nissan Motor Co. astir the Japanese institution investing successful the EV business, though didn’t supply a clip framework for reaching an agreement.

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