The JV was signed in November last year to develop more efficient gasoline engines and hybrid systems.
PARIS/STOCKHOLM: Geely will include eight powertrain plants in China and one in Sweden in its future combustion engine joint venture with Renault and Saudi Aramco, two sources close to the matter said.
Renault and Geely want the JV to become a leading combustion engine and hybrid engine supplier for the car industry by the end of 2023, with a workforce of 19,000 and 15 billion euros in annual revenue. Two people told Reuters on Wednesday that of the nine plants coming from Geely and Aurobay - the combustion engine unit created by Volvo Cars and Geely in 2021, which is now fully owned by Geely - eight are based in China and one is in Skovde, Sweden.
Geely will bring all of its engine and transmission plants to the JV, but not its electric powertrains.
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