Geely Holding Group and Renault Group to sign MOU on joint cooperation in China and South Korean Markets

·Geely Holding and Renault Group have signed a MOU to accelerate ‘Renaulution 
Plan’ in China and South Korea.
·In China, both partners will jointly introduce Renault-branded hybrid vehicles.
·In South Korea, Geely Holding and Renault Group will explore localization of 
vehicles based on Lynk & Co energy efficient platforms.
·Geely Holding and Renault Group will enhance their competitive advantages in 
technology and industrial systems to create leading mobility experience.
 9th August 2021, Hangzhou China and Paris France. Renault Group, a global 
company with French roots and 120 years of history in the automotive industry, and Geely
Holding Group, China’s largest privately-owned automotive group, today jointly 
announced an MoU framework agreement to create an innovative cooperation.
The cooperation, focused on China and South Korea as initial key core markets, will allow
Renault Group and Geely Holding to share resources and technologies. The focus will be
on hybrid vehicles in the fast-growing Asian markets.
Following the adoption by Geely Holding’s opensource strategy for its full vehicle 
architectures, Geely Holding will partner with Renault Group in the Chinese and Korean 
markets.
In China, based on Geely Holding’s existing technologies and mature industrial footprint, 
both partners will jointly introduce Renault- branded hybrid vehicles. Renault will 
contribute on branding strategy, channel and service development, defining appropriate 
customer journey.
In South Korea, where Renault Samsung Motors has over two decades of experience, 
the MoU allows Renault Group and Geely Holding to jointly explore localization of 
vehicles based on Lynk & Co’s energy-efficient vehicle platforms for local markets.

Both partners will continue to seek more in-depth potential partnership under the spirit of 
open and innovative partnership mode.