(Reuters) -- French automaker Renault and Chinese partner Geely on Friday announced a highly anticipated joint venture to develop combustion and hybrid engines, hoping to improve the competitiveness of their legacy auto businesses.
Electric cars in China
Renault and Geely join in hybrid and combustion venture
French and Chinese partnership in older tech comes as EV sales slow
Renault Group CEO Luca de Meo and a Renault 5 Electric. The French automaker and China's Geely on May 31 announced that a deal expected for months has now been sealed. © Reuters
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