China's Geely in talks with oil group to pick stake in Renault engine company

China's Geely in talks with oil group to pick stake in Renault engine company

REUTERS/Damir Sagolj

China’s Geely Automobile Holdings and an oil group are in talks about taking stakes in the fossil-fuel engine unit Renault plans to separate from its electric vehicle (EV) business, two sources close to the French carmaker said.