Renault's Strategic Collaborations Expand with Geely and a Chinese Engineering Firm

Renault is significantly enhancing its competitive edge in the auto industry through two major collaborations Firstly, in partnership with Geely, Renault has announced the formation of HORSE Powertrain, a joint venture focused on developing advanced combustion engines and hybrid systems This aligns with their strategy to bolster their legacy auto business amidst a shifting automotive landscape. Concurrently, Renault is also expanding into the affordable electric vehicle market by collaborating with a Chinese engineering company to develop new models of the Twingo electric car priced below €20,000 This move aims to compete more effectively with Chinese automakers in the small and cost-effective EV segment.