Renault Partners with Volvo's Parent Company for Hybrid Cars!
French automobile giant Renault has signed a cooperation with Geely, the umbrella company of Volvo. Within the scope of this cooperation, the two giant companies will bring Geely to South Korea and Renault to China again. The cooperation will cover more Asian markets in the future.
The developments in the automobile industry and the orientation of companies to hybrid and electric motor vehicles are forcing the manufacturers of the sector to various collaborations. Of course, these collaborations are made to facilitate the production of hybrid and electric motor cars. Aware of this situation, Renault announced that it has reached a cooperation with Geely, Volvo 's umbrella company. Within the scope of this cooperation, the company will strengthen its presence in Asian countries
According to the agreement between the two giants, Renault will re-enter the Chinese market using Geely's technologies, supply chains and factories in China. The sales and marketing processes of hybrid cars to be produced by Geely will be under Renault's responsibility.
Volvo and Renault Open to China and South Korea Market First!
The agreement between the two giant companies does not only cover the Chinese market. As part of the agreement, Geely's hybrid vehicle brand Lynk & Co will enter the South Korean market thanks to Renault. In this way, a cooperation will be made in which both sides will win.
The agreement between the two covers the markets of China and South Korea for now. However, the collaboration will expand to cover even more Asian markets in the coming years. This means much more profit for the two giant companies.