MUNICH -- The joint venture between Renault Group and Geely to develop and produce internal combustion engines could develop its own, common engines as early as 2026, executives said at the IAA Mobility auto show here.
At the moment, the agreement is undergoing review by the competition authorities, said Ingo Scholten, vice president and chief technical officer Geely powertrain research. That process is expected to be completed by year-end.
The new company -- a name has not been announced -- would come into existence once approval is granted.
Geely has been producing combustion engines for brands such as Volvo, Proton and Lynk & CO since 2022 through a subsidiary called Aurobay, which is based in Gothenburg, Sweden. It was one of the first automakers to spin off combustion-engine activities as it navigates the transition to electrifications.