
Renault and Geely join forces on new SUV line for overseas markets
The upcoming range will feature both fully electric and plug-in hybrid powertrains, with the initial models expected to take the form of SUVs. While Renault will design the bodywork independently, the core vehicle architecture and chassis will draw heavily from existing models within Geely's Galaxy brand. This approach is intended to keep costs down and shorten development timelines, allowing the vehicles to reach their target markets more quickly.
The partnership reflects a deepening relationship between the two companies in the fast-growing overseas NEV sector. Geely has previously collaborated with other marques such as Volvo, Smart, Polestar and Jiyue, but those projects relied on the CMA platform. In contrast, the GEA architecture is Geely's most recent flagship platform, currently underpinning several models in its Galaxy range – including the newly introduced Galaxy A7, the best-selling Xingyuan, the E5, and the forthcoming M9 and Starship 9.
Industry sources indicate that Renault's European strategy will continue to centre on small electric cars, while the Geely-based SUVs are intended for other key Renault territories, including South Korea, Southeast Asia, Latin America and North Africa. Renault's established reputation and extensive dealer networks in these regions are expected to give the partnership a competitive advantage, providing Geely with a ready-made infrastructure to support sales and service.
The collaboration also builds on earlier agreements between the two firms. Earlier this year, Geely acquired a minority stake in Renault Brazil, a move that grants access to local manufacturing facilities, dealership channels and after-sales operations. Under this arrangement, the overseas version of the Galaxy E5 will become the first Geely model to be produced and distributed through Renault's Brazilian operations.
This latest joint project positions Renault and Geely to strengthen their presence in emerging markets, combining Chinese engineering and manufacturing expertise with Renault's global reach and established brand equity.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Star
25 minutes ago
- The Star
Dutch crypto firm Amdax aims to launch Bitcoin treasury company on Euronext
An Euronext sign is displayed outside the Euronext stock exchange in the La Defense business district in Paris, France, March 10, 2025. REUTERS/Benoit Tessier/ File Photo (Reuters) -Amsterdam-based cryptocurrency service provider Amdax plans to launch a bitcoin treasury company called AMBTS (Amsterdam Bitcoin Treasury Strategy) on the Dutch stock exchange, Amdax said on Monday. WHY IT'S IMPORTANT: Amdax's plans highlight the growing appeal of bitcoin, which has hit record highs this month. KEY QUOTE: "With now over 10% of bitcoin supply held by corporations, governments and institutions, we think the time is right to establish a bitcoin treasury company with the aim to obtain a listing on Euronext Amsterdam, as one of the leading exchanges in Europe," said Amdax CEO Lucas Wensing. BY THE NUMBERS: Bitcoin has risen nearly 32% so far in 2025, reaching record highs, on the back of regulatory victories for the sector following President Donald Trump's return to the White House. Trump has called himself the "crypto president" and his family has made a series of forays into the sector over the past year. Amdax and AMBTS plan to raise capital from a number of private investors in an initial financing round, and the long-term ambition of AMBTS is to own at minimum 1% of all bitcoin over time. (Reporting by Sudip Kar-Gupta; Editing by Kim Coghill)


The Star
an hour ago
- The Star
China stocks rally to decade-high on easing tariff tensions, rotation of funds
A screen shows financial market movements at the new building of the Shanghai Stock Exchange in Shanghai on April 25, 2025. (Photo by Hector RETAMAL / AFP) HONG KONG: China stocks jumped to their highest level since 2015 on Monday, extending a months-long rally fuelled in part by receding trade tensions with the U.S. and lifting market capitalization to an all-time peak. A trade truce between China and the U.S., which was extended by 90 days last week, has helped to underpin sentiment, while brokers also cite a liquidity-driven uptick in stock prices due to a rotation of funds into equities from bonds. The Shanghai Composite Index climbed 1.2% to 3,740.50 by the midday trading break, marking the highest intraday level since August 18, 2015. The CSI 300 Index climbed 1.5%, heading towards the biggest gain in over four months and earlier hit the highest level since October 2024. The Shanghai benchmark has now risen nearly 23% since its early April low, also buoyed by enthusiasm for tech stocks and the global euphoria over advances made in artificial intelligence. The total market capitalization of over 5,400 China-listed companies has risen above 100 trillion yuan for the first time, reflecting both price appreciation and a surge in listings. Winnie Wu, Bank of America's chief China equity analyst, said optimism over geopolitics and Beijing's policy directions helped drive down the equity risk premium and sustain risk-on sentiment despite the still-weak fundamentals. "There are renewed hopes on domestic retail flows," she wrote in a note to clients. Analysts at UBS expect the liquidity-driven bull market rally to continue at least until September, saying: "Most investors see limited downside risk in the stock market for now." Leading the rally on Monday, the rare earth sector surged 5.3% to a fresh high since December 2021. The AI sector jumped 4.8% and the information technology sector rose 2.9%. In Hong Kong, the benchmark Hang Seng Index advanced 0.6% to 25,426.53, the highest since October 2021. The Tech Index rallied 2%, while the EV sector soared 3.2%, with heavyweights BYD, NIO and Xpeng rising 3.2% to 8%. Long-only funds showed renewed interest in Hong Kong and China stocks, while hedge funds also bought Chinese equities on a net basis at the fastest pace in seven weeks, Goldman Sachs said in a note. - Reuters

Malay Mail
an hour ago
- Malay Mail
Tengku Zafrul: Malaysia controlling stream of rare earth in bid to keep value, keeping both US and China at bay
KUALA LUMPUR, Aug 18 — Malaysia is banning exports of unprocessed rare earths while at the same time attempting to court downstream investment to retain their value added at home, Investment, Trade and Industry Minister Datuk Seri Tengku Zafrul Aziz said. Speaking in an interview with US-based CNBC's 'Squawk Box Asia', Tengku Zafrul said Malaysia has discussed its rare-earth strategy with both Washington and Beijing during broader negotiations. 'Today, we engage both sides. And to be fair, both China and US have never said that you can't supply to the other, right? You can't not do business with the other,' he said. He also said that both countries have reminded Malaysia that it cannot have two different standards on rare earth exports. 'So we have to be consistent, to be neutral. You have to consider, we can't have policies which differentiates our relationship with one party to the other, to one country to another. 'So that's, I think, key. Once you do that, then it's very hard to defend that neutrality position,' he added. Tengku Zafrul pointed to the moratorium on rare earth elements exports, highlighting Australian miners Lynas as among firms operating under rules that permit exports after processing. 'So what we are doing now is we're saying that, look, we invite all companies to come to Malaysia and to be part of the supply chain to invest in the downstream activities of rare earth, and then we can then export the value-add of those right now,' he said. Tengku Zafrul argued the approach maximises economic spillovers and strengthens the case for keeping processing domestic. He also framed the policy as a way to anchor higher-value activity in Malaysia while staying open to all buyers under equal rules. Earlier this month, Tengku Zafrul announced that Malaysia will no longer allow the export of raw rare earth minerals, in a move to promote local downstream development. Tengku Zafrul said Malaysia remains open to foreign investment, but it must involve local processing, job creation, and technology transfer.