Carmakers Geely and Renault will begin building vehicles in South Korea, as the Chinese group expands its global web of partnerships further, and the French company seeks a stronger hold in the Asian markets traditionally dominated by alliance partner Nissan.
Under the deal, Geely will supply its manufacturing systems to Renault, which will build new hybrid and traditional engine vehicles at its South Korean facility for the domestic and overseas markets.
The deal, which follows a memorandum of understanding in August, is the most significant example of the groups working together after Renault’s electric Alpine brand signed a development deal with the UK’s Lotus, controlled by Geely.
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