Geely and Renault join forces to enter the South Korean market
Chinese automaker Geely and French Renault Group have announced a collaboration to bring hybrid-electric vehicles to the South Korean market.
The collaboration aims to bring fuel-efficient cars to other Asian countries in the future.
The partnership appears to be a significant step for both automakers. Renault expands its "Renaulution" plan to increase its product portfolio and Geely to enhance its penetration into the Asian markets.
Geely, which is the parent company of Volvo/Polestar, will offer its "compact modular architecture" (the CMA platform) to Renault to build new generation hybrid-electric vehicles for the Asian market.
Getting ready for production
Geely's CMA platform has been used in several cars, including Volvo XC40, Volvo C40 and Polestar 2 electric sedan. Geely established its electric vehicle brand Zeekr to promote the architecture and made several collaborations, including Google's Waymo and Intel's Mobileye.
The new users of the CMA will be Renault Group brands, including Renault, Dacia, LADA and Alpine.
The production of the new vehicles is expected to begin in 2024 in the Renault-Samsung facility in Busan, South Korea.
Image of Geely CMA Platform, courtesy of Geely.