Renault Samsung Motors will jointly develop eco-friendly cars with LYNK&CO, a joint venture of China's Geely Automotive Group and Volvo Motors Group.

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Renault Group in France and Geely Holdings in China announced on the 9th that they have signed an MOU agreement to establish a Korea-China joint venture.

 

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The joint venture will reportedly release a hybrid car under the name of Renault brand in the Chinese market, and Renault Samsung is going to develop a new eco-friendly car with LYNK&CO in the Korean market.