Geely Automobile Holdings to acquire 34.02% of Renault Korea Motor share

The new vehicles will be manufactured at Renault Korea Motors' present Busan facility, with volume production expected to commence in 2024.

A conceptual agreement reached in January 2022 between Renault Group and Geely Holding Group, China's largest privately-owned vehicle manufacturer and the country's seventh-largest overall manufacturer, has seen both companies signing a share subscription and joint venture agreement. Geely Holdin

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