With the developments in the car branch, the companies’ orientation to hybrid and electric motor vehicles, the division manufacturers in various to collaborationsforcing. Of course, these collaborations are made to facilitate the production of hybrid and electric motor cars. aware of this situation Renault, the parent company of Volvo Geely announced that it has reached a cooperation. Within the scope of this cooperation, the company will strengthen its presence in Asian countries.
According to the agreement between the two giant companies, Renault is using Geely’s technologies, supply chains and factories in China. will have re-entered the Chinese market. The sales and marketing processes of hybrid vehicles to be produced by Geely will be under Renault’s responsibility.
Formerly China and South Korea
The agreement to be made between two giant companies does not only cover the Chinese market. Within the scope of the agreement, Geely’s hybrid vehicle brand Lynk & Co, thanks to Renault South Korea will enter the market. In this way both sides will win a cooperation will be made.
The agreement made in the middle of the bilateral agreement covers the markets of China and South Korea for now. But cooperation will continue in the coming years. too more Asian market will become inclusive. This means much more profit for the two giant companies. . .