Chinese automotive giant and Volvo/Polestar parent company, Geely, has signed an agreement with the French Renault Group to launch a new collaboration intended to bring fuel-efficient hybrid electric cars to South Korea, as well as export sales into other Asian markets.
The Renault-Geely collaboration represents a continuation of efforts made by both companies in producing low-emission and electrified model vehicles, as well as increasing their penetration in the Asian HEV and PHEV markets. The partnership also represent the next step in Renault’s “Renaulution” (groan) program designed to upgrade the French carmaker’s brand and product portfolio.
For Geely’s part, it seems as if it has found another customer for its “modular vehicle platform” architecture in Renault. The new Asian-market Renault vehicles will be built on the Volvo-developed “compact modular architecture”, or CMA platform, and use Geely/Volvo-developed powertrains under a skin that could resemble the Renault Megane-e concept vehicle