Renault Explores Partnerships with Carmakers
Renault is in talks with carmakers, including China's Chery, to explore partnerships for joint production and sales of cars, according to Fabrice Cambolive, Renault Group's chief growth officer.
The announcement was made while completing a deal in Brazil with China's Geely, where Renault signed definitive agreements to sell Geely 26.4% of its Brazilian subsidiary.
The move underscores how Renault has been increasingly partnering with other carmakers, especially Chinese ones, in global markets to improve factory efficiency and enhance product competitiveness.
The partnership with Geely in Brazil aims to strengthen their position in the largest Latin American market, where BYD is also gaining ground with its affordable electric and hybrid models.
Author's summary: Renault seeks partnerships with carmakers like Chery and Geely.
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