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2021-08-09
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Renault, Geely Aim To Team Up On China, South Korea Sales As EVs Drive New Partnerships
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In South Korea, where Renault Samsung Motors has over two decades of experience, Geely Holding and Renault Group will explore localization of vehicles based on Geely’s Lynk & Co. energy efficient vehicle platforms for local markets, the statement said.</p>\n<p>Renault sold more than 2.9 million vehicles globally in 2020; Geely Holding sold more than 2.1 million in 2020, including more than 660,000 by Geely-owned Volvo Car. Hong Kong-listed Geely Auto Group added 1.43 million. Geely Holding also holds a stake in Daimler.</p>\n<p>Shares of China electric vehicle makers such as NIO and XPeng have soared in the past year on strong demand at home. 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