GEELY and Renault Group have agreed to create a new global leader to develop, manufacture and supply best-in-class hybrid powertrains and highly efficient ICE powertrains. Geely and Renault Group will hold respective 50-50 equity stakes in the new company. The new company will be a standalone global supplier of propulsion system solutions, producing next generation hybrid propulsion systems, and developing …
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The Market Monitor Minding the Nation's Business