The joint-venture company will operate in up to five R&D centers and 17 production plants worldwide.

renault, geely join forces on ice development, manufacture

French automotive conglomerate Renault Group and China’s Geely Holdings announce details included in a framework agreement for the creation of a new global powertrain company, a company they say will becommitted to the development, manufacture and supply of internal-combustion engines, including both mild-hybrid and plug-in hybrid applications.

The 50:50 joint venture is intended to design and manufacture powertrains at up to five R&D centers and 17 production plants on three continents, employing a total of about 19,000 workers.

Renault and Geely say the powertrains developed and manufactured by the new JV will feature in vehicles sold in over 130 countries.

renault, geely join forces on ice development, manufacture
The first recipients of the new powertrains will be Renault Group and Geely Holding brands Dacia, Geely, Volvo, Lynk & Co and Proton, as well as the Renault Group’s alliance partners Nissan and Mitsubishi.

In a joint media statement, the Renault Group and Geely Holdings confirm plans also exist for the supply of powertrains to third parties.

As part of the realignment of its powertrain operations, the 33% stake held by Volvo in Swedish-based powertrain specialist Aurobay will divest to Geely Holding. Aurobay will subsequently become part of the JV company operated by the Renault Group and Geely Holding.

The Renault brand has committed to becoming fully electric in Europe by 2030, indicating that the powertrains to be developed by the new JV company will be used primarily in vehicles destined for China, Latin America and North America.

Coinciding with the announcement of its plans to join forces with Geely on the development, manufacture and supply of internal-combustion engines, the Renault Group also makes public a new electric-vehicle division called Ampere.

Described by CEO Luca de Meo as being a key part of the Renault Group’s so-called Renaulution transformation, Ampere will focus on the development and manufacture of EVs, as well as the French automaker’s software activities.

Ampere is described as a manufacturer in its own right and will sit alongside Renault, Alpine, Dacia and mobility brand Mobilize in a newly expanded Renault Group portfolio.

Ampere is planned to employ up to 10,000 workers, including 5,000 software specialists and 3,500 vehicle engineers.

The Renault Group says its new EV division already is earmarked to develop and manufacture up to six models to be launched under the Renault brand before 2030, including the existing Megane Electric and the upcoming Renault 5 Electric, Renault 4 Electric and Scenic Electric.

Two further models are yet to be announced.

De Meo says Ampere aims to manufacture and sell up to 1 million Renault Group EVs in 2031.

The Renault Group’s Alpine brand also will have access to Ampere’s intellectual property.

Plans are afoot to float Ampere on the Paris Stock Exchange in 2023.

Keyword: Renault, Geely Join Forces on ICE Development, Manufacture

CAR'S NEWS RELATED

Automatic crossovers competing against the new Nissan Magnite EZ-Shift

What’s available The competitors Renault Kiger 1.0 Zen auto Suzuki Ignis 1.2 GLX auto Suzuki Fronx 1.5 GL auto Chery Tiggo 4 Pro 1.5 LiT auto The most affordable automatic crossovers from other brands Kia Sonet 1.5 LX auto Toyota Urban Cruiser 1.5 XR auto Haval Jolion 1.5T Premium ...

View more: Automatic crossovers competing against the new Nissan Magnite EZ-Shift

Renault Revives Iconic Twingo As An Affordable Electric Hatchback

Renault is set to revive the iconic Renault Twingo as an affordable electric vehicle (EV) hatchback. The new Twingo Legend concept, inspired by the first-generation Twingo from the 1990s, is part of Renault’s plans for a new lineup of electric cars. The company aims to produce this new Twingo ...

View more: Renault Revives Iconic Twingo As An Affordable Electric Hatchback

The New Renault Master Van Gets Diesel, Electric, And Hydrogen Power

Plus, Hyundai can build an EV in six hours after an order is placed at its new facility where 200 robots do half of the work.

View more: The New Renault Master Van Gets Diesel, Electric, And Hydrogen Power

The Smart #1 makes its official Malaysian launch - 3 variants from RM189k to RM249k

This has been a long time coming: the Smart #1 is finally launched in Malaysia at a starting price of RM189,000. There’ve been numerous previews preceding this event, Proton subsidiary and Smart’s regional distributor Pro-Net, have thrown their hat into the EV ring. The #1 is fully imported in 3 ...

View more: The Smart #1 makes its official Malaysian launch - 3 variants from RM189k to RM249k

Most affordable crossover from every brand in South Africa

A dominant force Alfa Romeo Tonale Audi Q2 BAIC Beijing X55 BMW X2 BYD Atto 3 Chery Tiggo 4 Pro Citroen C3 Fiat 500X Ford Puma Haval Jolion Honda WR-V Hyundai Venue Jaguar E-Pace Jeep Renegade Kia Sonet Mahindra XUV300 Lexus UX Maserati Grecale Mazda CX-3 Mercedes-Benz GLA MINI ...

View more: Most affordable crossover from every brand in South Africa

Living With It – Renault Captur 1,3L Turbo EDC Intens [Update 3]

Driving ImpressionsBy: Ryan Vrede Serving in our long-term fleet for its final month, Ryan Vrede got to grips with the impressive Renault Captur to understand exactly why it reigned supreme in the CAR Magazine Top 12 Best Buys for 2024 in the Compact crossover segment. Looking for your next new ...

View more: Living With It – Renault Captur 1,3L Turbo EDC Intens [Update 3]

Sports car maker Alpine wants to reinvent itself, and Geely might help foot the bill  

A290 French automaker Renault is looking to investors including China’s Geely to funnel some cash into its Alpine racing and sports car brand. Alpine, best known for its A110 sports coupe, is looking to reinvent itself as an all-around maker of electric-only performance hatchbacks, SUVs, and crossovers. The brand ...

View more: Sports car maker Alpine wants to reinvent itself, and Geely might help foot the bill  

Volvo Cars shares drop to record low as Geely trims stake

Companies Volvo Personvagnar AB BNP Paribas SA Geely Automobile Holdings Ltd OSLO, Nov 17 (Reuters) – Shares of Swedish automaker Volvo Cars (VOLCARb.ST) fell as much as 14% to a record low on Friday after its majority shareholder, China's Geely (0175.HK), sold a small part of its stake at ...

View more: Volvo Cars shares drop to record low as Geely trims stake

Twing-oh Yes! Renault Announces Retro Rebooted Electric Twingo

Geely’s Zeekr 007 Electric Sedan Revealed Ahead of Official Debut

The 2026 Renault Twingo Is A Hyper-Efficient EV Comeback Under $22K

2026 Renault Twingo Prototype Is A Perfect Retro EV Throwback

Renault is promising a sub-$22K electric car ­– can it deliver? 

Renault won't ago ahead with Ampere IPO if valuation too low-CEO

Renault sets out targets for EV unit, says won't sell it cheap

Renault seeks to charge up investors for EV unit IPO

Renault teases new ‘affordable’ electric city car

Geely Galaxy E8 Electric Sedan: The New Tesla And BYD Killer?

Next-gen Renault Duster leaked ahead of November 29 debut

Renault hopes to chase down Tesla with EV unit Ampere

OTHER CAR NEWS

; Top List in the World https://www.pinterest.com/newstopcar/pins/
Top Best Sushi Restaurants in SeoulTop Best Caribbean HoneymoonsTop Most Beautiful Islands in PeruTop Best Outdoor Grill BrandsTop Best Global Seafood RestaurantsTop Foods to Boost Your Immune SystemTop Best Foods to Fight HemorrhoidsTop Foods That Pack More Potassium Than a BananaTop Best Healthy Foods to Gain Weight FastTop Best Cosmetic Brands in the U.STop Best Destinations for Food Lovers in EuropeTop Best Foods High in Vitamin ATop Best Foods to Lower Your Blood SugarTop Best Things to Do in LouisianaTop Best Cities to Visit in New YorkTop Best Makeup Addresses In PennsylvaniaTop Reasons to Visit NorwayTop Most Beautiful Islands In The WorldTop Best Law Universities in the WorldTop Richest Sportsmen In The WorldTop Biggest Aquariums In The WorldTop Best Peruvian Restaurants In MiamiTop Best Road Trips From MiamiTop Best Places to Visit in MarylandTop Best Places to Visit in North CarolinaTop Best Electric Cars For KidsTop Best Swedish Brands in The USTop Best Skincare Brands in AmericaTop Best American Lipstick BrandsTop Michelin-starred Restaurants in MiamiTop Best Secluded Getaways From MiamiTop Best Things To Do On A Rainy Day In MiamiTop Most Instagrammable Places In MiamiTop Interesting Facts about FlorenceTop Facts About The First Roman Emperor - AugustusTop Best Japanese FoodsTop Most Beautiful Historical Sites in IsraelTop Best Places To Visit In Holy SeeTop Best Hawaiian IslandsTop Reasons to Visit PortugalTop Best Hotels In L.A. With Free Wi-FiTop Best Scenic Drives in MiamiTop Best Vegan Restaurants in BerlinTop Most Interesting Attractions In WalesTop Health Benefits of a Vegan DietTop Best Thai Restaurant in Las VegasTop Most Beautiful Forests in SwitzerlandTop Best Global Universities in GermanyTop Most Beautiful Lakes in GuyanaTop Best Things To Do in IdahoTop Things to Know Before Traveling to North MacedoniaTop Best German Sunglasses BrandsTop Highest Mountains In FranceTop Biggest Hydroelectric Plants in AmericaTop Best Spa Hotels in NYCTop The World's Scariest BridgeTop Largest Hotels In AmericaTop Most Famous Festivals in JordanTop Best European Restaurants in MunichTop Best Japanese Hiking Boot BrandsTop Best Universities in PolandTop Best Tips for Surfing the Web Safely and AnonymouslyTop Most Valuable Football Clubs in EuropeTop Highest Mountains In ColombiaTop Real-Life Characters of Texas RisingTop Best Beaches in GuatelamaTop Things About DR Congo You Should KnowTop Best Korean Reality & Variety ShowsTop Best RockstarsTop Most Beautiful Waterfalls in GermanyTop Best Fountain Pen Ink BrandsTop Best European Restaurants in ChicagoTop Best Fighter Jets in the WorldTop Best Three-Wheel MotorcyclesTop Most Beautiful Lakes in ManitobaTop Best Dive Sites in VenezuelaTop Best Websites For Art StudentsTop Best Japanese Instant Noodle BrandsTop Best Comedy Manhwa (Webtoons)Top Best Japanese Sunglasses BrandsTop Most Expensive Air Jordan SneakersTop Health Benefits of CucumberTop Famous Universities in SwedenTop Most Popular Films Starring Jo Jung-sukTop Interesting Facts about CougarsTop Best Hospitals for Hip Replacement in the USATop Most Expensive DefendersTop Health Benefits of GooseberriesTop Health Benefits of ParsnipsTop Best Foods and Drinks in LondonTop Health Benefits of Rosehip TeaTop Best Air Fryers for Low-fat CookingTop Most Asked Teacher Interview Questions with AnswersTop Best Shopping Malls in ZurichTop The Most Beautiful Botanical Gardens In L.A.Top Best Mexican Restaurants in Miami for Carb-loading rightTop Best Energy Companies in GermanyTop Best Garage HeatersTop Largest Banks in IrelandTop Leading Provider - Audit and Assurance In The USTop Best Jewelry Brands in IndiaTop Prettiest Streets in the UKTop Best Lakes to Visit in TunisiaTop Highest Mountains in Israel