On May 31, 2024, Zhejiang Geely Holding Group Co., Ltd. and Renault s.a.s completed the closing of their powertrain joint venture.
In July 2023, Geely and its affiliates entered into a joint venture agreement with Renault. The joint venture would integrate the parties' existing powertrain technologies, and supply internal combustion, hybrid and plug-in hybrid powertrain and related technologies throughout the world.