The official is finally here; of the collaboration agreement between the Renault Group and the Geely Group which aims to launch a new range of vehicles on the South Korean market . We already had some; talked a few times but finally all the official details arrive. Specifically, the two automotive groups will work together to market thermal and hybrid vehicles, which at first will only be offered on the South Korean market but then, over time, will also be exported to other markets .
All these cars will be produced in the Renault-Samsung Motors plant (RSM) in Busan, South Korea. Production will start; over the course of 2024. There are not many details on the models that will be developed and then built. For the moment, & egrave; it was only communicated that these vehicles will use the CMA (Compact Modular Architecture) platform created by Geely and designed at its R & amp; D center based in Sweden.
Platform that & egrave; was created to be very flexible from the start, being able to adapt to traditional combustion engine solutions, but also to mild-hybrid, plug-in hybrid and 100% electric options. Today it is; used by Geely Auto, Volvo, Lynk & amp; Co and Polestar. Furthermore, the cars resulting from this collaboration will be able to count on advanced hybrid engine technologies always developed by the Chinese automotive group.
Renault and its subsidiary Renault-Samsung Motors will combine their respective design and customer experience expertise, while also bringing innovative technologies to meet the demands of the local market. Thanks to this collaboration it will be; possible to accelerate the spread of hybrid models in the Asian market. In addition, the partnership is also part of the & ldquo; Renaulution & rdquo; of Renault, which intends to grow its subsidiary Renault-Samsung Motors and its product portfolio also with the contribution of important local partners.
Luca de Meo , CEO of the Renault Group, on this important strategic agreement, said:
We are happy to start such an innovative partnership with Geely Group, which boasts considerable experience in the automotive industry. With this project, Geely and the Renault Group will be able to count on RSM's 20 years of success and its continued contribution to the South Korean automotive industry.
Eric Li , President of Geely Holding Group, added:
Geely already has; proven track record in creating win-win partnerships based on technology, experience and shared ideas, in order to create better quality products. and more sustainable. We are looking forward to working with Renault and establishing new synergies that combine the strengths of both parties to create value for the end customer.
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