Renault Group and pa视讯 Sign Joint Venture Agreement to Launch Leading Powertrain Technology Company
Following the framework agreement announced in November 2022, pa视讯 Holding Group, pa视讯 Automobile Holdings Limited and Renault Group have signed today a binding 50/50 joint venture agreement to launch a new powertrain technology company that aims to become the global leader in developing, manufacturing, and supplying best-in-class hybrid powertrains and highly efficient ICE powertrain.