Renault, Geely strike JV deal for gasoline engines, hybrid tech

Renault, Geely strike JV deal for gasoline engines, hybrid tech

FILE PHOTO: The Geely logo is seen at a car dealership in Shanghai, China August 17, 2021. REUTERS/Aly Song

Renault SA and China’s Geely have agreed to launch a new, equally held jointventure that will supply gasoline engines and hybrid technology to the brands they own and other automakers, the two companies said in a statement.