Renault to sell 34% of its Korea unit to China's Geely for $207m

Renault to sell 34% of its Korea unit to China's Geely for $207m

REUTERS/Damir Sagolj

Renault will sell just over a third of its Korea unit to China’s Geely Automobile Holdings for 264 billion won ($207 million) as the French automaker looks to shore up sales in its home market and focuses on its electric business.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter