December 22 news, according to media reports,Geely Holding Group and Renault of France will soon announce an agreement to jointly produce and sell hybrid vehicles based on Lynk & Co's energy-saving platform in South Korea and consider exporting duty-free cars to the United States.
In addition, the cooperation between Geely and Renault may also involve sales in the Chinese market, which may be a restart of Renault's business in China. In addition, France will also form a brand with a focus on plug-in hybrids, which they will co-manage with Geely.
It is reported thatGeely plans to produce it at Renault's plant in the port city of Busan in southeastern South Korea, with one model, or Lynk & Co 01, which currently offers gasoline and plug-in hybrid systems.
Sources pointed out that if this cooperation is reached, it will mean that Geely will enter the US market through a backdoor, will benefit from the Rok-US free trade agreement, and export Nick 01 to the US market.
In fact, as early as August this year, the two sides had signed a memorandum of understanding on the matter. In China, the two companies will jointly develop Renault brand hybrid models based on Geely Holding Group's platform technology, and in South Korea, the two parties will cooperate based on the Lynk & Co energy-saving platform to jointly develop models suitable for the Korean market.
In this regard, Li Shufu, chairman of Geely Holdings, said in the video that the world pattern is undergoing very significant changes, in this case, as Geely Automobile Company, it is still necessary to continue to integrate into the global economy and continue to adhere to the competition of the global economy.