Geely, Renault Ink Deal To Develop Powertrain Technology
"We are pleased to be embarking on this journey to become a global leader in hybrid technologies, providing low-emission solutions for automakers around the world," said Eric Li, Geely Holding Group chairman.
According to Renault, the new company will have 19,000 employees working in 17 engine plants and 5 R&D hubs. It is anticipated that it will initially serve a variety of industrial clients, including Volvo, Proton, Nissan, Mitsubishi Motors, and PUNCH Torino.
According to Reuters, the new business will generate annual revenues of $16.53 billion.
According to Renault, Saudi Aramco, which signed a letter of intent with Geely and Renault in March, is considering making a strategic investment in the new business.
The Saudi oil producer was engaged in advanced negotiations to take a stake of up to 20% in the JV said sources. In recent years, major oil companies have collaborated with automakers to create hydrogen engines and sustainable fuels. But if a deal were to be reached here, Aramco would become the first significant oil producer to invest in the auto industry.
The launch of the joint venture is anticipated for the second half of 2023.
Gallery







Written By
Anis
Previously in banking and e commerce before she realized nothing makes her happier than a revving engine and gleaming tyres........
JPJ Running Numbers
KUALA LUMPUR
VPG8079
SELANGOR
BSF6011
JOHOR
JYA7582
PULAU PINANG
PRR6145
PERAK
ANW8143
PAHANG
CFC2187
KEDAH
KGB147
NEGERI SEMBILAN
NEG2793
KOTA KINABALU
SJL3651
KUCHING
QAB5328L
Last updated 22 Jun, 2025
Fuel Price
Petrol
RON 95
RM 2.05
RON 97
RM 3.14
+0.07
RON 100
RM 5.00
VPR
RM 6.23
Diesel
EURO 5 B10
RM 2.81
+0.07
EURO 5 B7
RM 3.01
+0.07
Last updated 19 Jun, 2025
Related News
2025 smart #1 Gets Power Bump
The 2025 smart #1 EV receives 67HP power boost across all variants, along with subtle design tweaks.
21-03-2025
Proton S70 Leads 2024 C-Segment Sedan Sales - Over 18,000 Units!
Proton S70 dominates Malaysia’s C-segment sedan market with strong sales total of 18,800 units in 2024.
13-03-2025
Geely Unveils New G-Pilot ADAS Suite to Rival Tesla’s FSD
Geely has unveiled the latest version of its G-Pilot assisted driving tech, where it will be available for all its sub-brands.
04-03-2025
Zeekr Completes Merger with Lynk & Co – Now Known as Zeekr Group
Zeekr has completed its merger with sister brand Lynk & Co to form Zeekr Group.
16-02-2025
Proton e.MAS 7 Drive; ChargeSini & Shell Boost Proton’s Charging Network
Proton e.MAS 7 logs impressive consumption results in recent press drive; ChargeSini and Shell Recharge joins Proton’s charging network.
28-01-2025
BYD, Geely, SAIC Challenge EU's EV Tariffs At European Court
BYD, Geely, and SAIC have formally challenged the EU’s EV tariffs by filing a lawsuit with the Court of Justice of the European Union (CJEU).
24-01-2025
smart #5 Set to Gain New PHEV Variant Amidst Slow EV Demands
Reports from Europe suggest that the smart #5 SUV will come with a PHEV version amidst slow EV demands.
22-01-2025
Geely Opens New CKD Facility in Egypt to Make Emgrand & Coolray
Geely opens a new CKD plant in Egypt, tasked to produce the local-spec Emgrand sedan and Coolray SUV.
17-01-2025
Latest News
Suzuki Jimny Bids Farewell to Europe with a Limited Edition Model
The Suzuki Jimny 55th Anniversary Edition marks the departure of this iconic off-roader SUV from European soil.
20-06-2025
Chery Safety Challenge Enters Indonesia, Hybrid Battery Resilience Tested
Chery Safety Challenge enters Indonesia, demonstrates plug-in hybrid battery safety in flood-prone, high-humidity conditions.
19-06-2025
Chevrolet Corvette ZR1X Bows With Hypercar-baiting 1,250 HP!
Chevrolet Covette ZR1X bows as the nameplate’s new top dog, boasts hypercar-baiting 1,250 HP output too.
18-06-2025
Next-Gen Mazda CX-5 Hybrid Leaks Online
Image of upcoming new generation Mazda CX-5 Hybrid leaks online, will likely debut soon as a 2026 model year offering.
18-06-2025
One EV Pollutes Like Three Hybrids - Toyota Chief
Toyota Chairman argued that EVs may not always be the greenest option, claiming one EV's impact equals that of three hybrids
17-06-2025
Mansory Brings Lots Of Carbon Fibre To G90-Gen BMW M5
G90-gen BMW M5 super-saloon gains lots of carbon fibre plus big power bump from tuners Mansory.
17-06-2025
VW Golf GTI Edition 50 Charts New Nurburgring Record for the Brand
The new Golf GTI Edition 50 is now the fastest production Volkswagen to lap the Nurburgring Nordschleife.
17-06-2025
New Third-Gen Audi Q3 Revealed
New third-gen Audi Q3 fully revealed, features full design refresh with split taillights, column shifter and more.
17-06-2025
Show More
trending_flat