Renault Open to Geely Investment to Bolster Alpine Car Brand – Bloomberg
Renault SA will consider investors including Zhejiang Geely Holding Group Co. to bolster its Alpine sports-car brand in a move that would expand the Chinese automaker’s footprint in Europe.
Alpine’s search for new investors will probably start at the end of next year or in early 2025, the brand’s Chief Executive Officer Philippe Krief said.
“Geely is part of the group and we are looking at things with them,” Krief said in an interview. Still, “the priority for 2024 is to formalize Alpine’s product and industrial plan.”
Inviting in Geely — which already makes Volvo and Lotus cars and owns stakes in Mercedes-Benz and Aston Martin — would further strengthen ties between the two groups as Renault attempts a comprehensive overhaul. They’ve agreed to set up a joint combustion engine and hybrid powertrain company and are working together in South Korea.
Any Chinese investment into Alpine, best known for its A110 sports coupe, would be closely monitored by the French government that owns…
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source: https://news.oneseocompany.com/2023/11/14/renault-open-to-geely-investment-to-bolster-alpine-car-brand-bloomberg_2023111452563.html
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