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. 

In May 2018, the client entered into a bond subscription agreement and issued other transaction documents with an offshore bond issuer and other onshore and offshore security providers. After the client paid the principal of the bonds to the issuer, the issuer failed to make coupon payments to the client, nor did it redeem the principal of the bonds upon maturity. Accordingly, an event of default under the Bond Subscription Agreement took place, and the client intended to sue the issuer and the other entities.