It's official: Geely, Nissan, Mitsubishi to share combustion and hybrid engines. GeelyAuto Nissan MitsubishiMotors Engine Technology CarGuidePH
signing a non-binding agreement last November
The new group—a 50-50 joint-venture between Geely and Renault will see them launch a new powertrain company that will develop, manufacture, and supply both internal combustion and hybrid powertrains . In addition, all intellectual property held by the two companies surrounding their combustion and hybrid powertrains will be transferred to the JV.
In terms of footprint, the new company will have 17 engine plants globally and five R&D centers in three continents. As such, they will have the following customers at launch: The Renault Group, Geely Auto, Volvo Cars, Proton, Nissan, Mitsubishi Motors Company, and Punch Torino. Their annual capacity is said to be five million powertrains.
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