ely Holding Group, will be used for high-end D- and E- segment models with hybrid powertrains. It will be designed in Seoul and manufactured in Busan, with the first vehicle expected in the coming year. On November 9, the agreement was reached between Polestar, Geely Group and Renault Korea Motors (RKM) for the production of Polestar 4 vehicles, at RKM’s plant in Busan for the North American and domestic South Korean markets. Located with direc...

OEM Plants  Updated at: 2025/05/08

orea’s new eco-friendly cars, is being developed by Renault Technology Korea with the aim of launching it in 2024 based on the world-renowned CMA platform and next-generation hybrid system developed by Geely Group’s Swedish R&D center. On October 11, Renault announced that Renault Korea Motors (RKM) is launching an all-new vehicle lineup of fuel-efficient hybrid electric vehicles (HEV) models in the D-SUV segment based on the latest Geely-Vol...

OEM Plants  Updated at: 2024/11/27

(RSM) will allow for their export in the future. On May 10, Geely Automobile Holdings (Geely Auto) and Renault Group reached an agreement in which Geely Automobile Holdings via its subsidiary, Centurion Industries Limited, will hold 34.02% of the total issued share capital of Renault Korea Motors (RKM). Renault Group remains the majority shareholder in RKM and will continue to fully consolidate the entity. The new vehicles will be produced at th...

OEM Plants  Updated at: 2024/05/01

or with standard Pilot Pack, and customer deliveries planned for Q4 2024. Polestar 4 premiered globally at the Shanghai Auto Show in April 2023 and went on sale in Europe and Australia in January 2024. Expected to begin in 2025, an agreement between Polestar, Geely Holding and Renault Korea Motors (RKM) will bring contract manufacturing of Polestar 4 vehicles for the North American and domestic South Korean markets to RKM’s Busan, South Korea p...

News  Updated at: 2024/03/28

Renault Design Center (Seoul) Renault Korea's Design Center - Established in 2003 Renault Korea to launch new vehicle line-up based on Geely-Volvo technologies from 2024 Renault invests EUR 3 billion to increase presence in overseas market and to utilize CMA Platform for high-end hybrid models On October 11, Renault announced that Renault Korea Motors (RKM) is launching an all-new vehicle lineup of fuel-efficient hybrid electric vehicles (HEV) m...

OEM Plants  Updated at: 2023/11/28

ar Synergy. At the exhibition, Polestar confirmed that manufacturing of Polestar 4 in Hangzhou Bay, China, will be complemented with manufacturing in Busan, South Korea, expected to start during the second half of 2025. The agreement reached between Polestar, Geely Holding and Renault Korea Motors (RKM), will bring contract manufacturing of Polestar 4 vehicles for the North American and domestic South Korean markets to RKM’s Busan plant. Also a...

News  Updated at: 2023/11/10

of the new‐generation Boyue SUV and the successful transition of the Vision X6 in 2017, such that its SUV line‐up is now one of the driving forces behind its recent success. Looking ahead, Geely also plans to expand its MPV product  Geely will buy over a third (34.02%) of Renault Korea Motors (RKM) shares with aims to produce a SUV on a Geely‐Volvo CMA platform. The model is intended for the US market, according to media speculation. In Ko...

Market & Tech Reports  Updated at: 2022/10/27

Renault Korea to launch new vehicle line-up based on Geely-Volvo technologies from 2024 On October 11, Renault announced that Renault Korea Motors (RKM) is launching an all-new vehicle lineup of fuel-efficient hybrid electric vehicles (HEV) models in the D segment based on the latest Geely-Volvo technologies for both local and export markets starting in 2024. This body shape unveils the proportions and dynamic lines of the next RKM coupe SUV. Thi...

News  Updated at: 2022/10/11

Geely to acquire 34.02% shares of Renault Korea Motors On May 10, Geely Automobile Holdings (Geely Auto) and Renault Group reached an agreement in which Geely Automobile Holdings via its subsidiary, Centurion Industries Limited, will hold 34.02% of the total issued share capital of Renault Korea Motors (RKM). Renault Group remains the majority shareholder in RKM and will continue to fully consolidate the entity. In January 2022, Geely Holding Gr...

News  Updated at: 2022/05/10

echnology to the VIP Group, largest operator of urban mass transit in the city of São Paulo, Brazil. The VIP Group company had already acquired 150 city buses of the 500 chassis line with an automatic engine shutdown system (EIS), with another 50 units featuring an electric energy recovery system (RKM) scheduled to be delivered through March 2019. The RKM system stores electric power in super capacitors, that when released, allows a 2% saving in...

News  Updated at: 2018/12/19