Renault Group and Geely Holding Group (Geely Group), China’s largest privately-owned automotive group, have signed an agreement to launch a new collaboration dedicated to bringing fuel-efficient hybrid and internal combustion engine (ICE) models to the South Korean market as well as for export sales. The new vehicles will be produced at the Renault-Samsung facility in Busan, South Korea, with production forecast to begin in 2024.
This collaboration marks a further step in efforts by the two automobile groups in producing low-emission models, as well as increasing their penetration in the Asian hybrid markets. The partnership also forms part of Renault’s “Renaulution” program to upgrade the RSM brand and product portfolio by using industry-leading technology, engineering, and services as well as working with strong local partners.
The new products will utilize Geely Group’s world-class compact modular architecture (CMA), developed by Geely’s R&D center in Sweden together with Volvo, as well as taking advantage of Geely Group’s advanced hybrid powertrain technologies. Renault and RSM will contribute their expertise in design and customer experience while providing cutting-edge technologies to meet and exceed local market expectations.
The new vehicles will provide South Korean customers with premium features, industry-leading technology and strengthen RSM’s reputation in the market as a provider of high-quality automotive services. While vehicles will be initially designed for the South Korean market, RSM will allow for their export in the future.