Nike CFO Shake-Up Fuels Concerns Over Turnaround Strategy 
SpaceX, Charter Communications Explore Mobile Partnership to Expand Starlink Wireless Service 
Fortescue Faces Class Action Over Sexual Harassment Claims at Australian Mining Sites 
Glastonbury is as popular than ever, but complaints about the lineup reveal its generational challenge 
Alphabet Replaces Verizon in Dow Jones Industrial Average 
Why have so few atrocities ever been recognised as genocide? 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
Heritage, desire and diplomacy: why China still values scotch whisky 
Wall Street Ends Mixed as Micron Surges, Apple Drops After Price Hikes 
Locked up then locked out: how NZ’s bank rules make life for ex-prisoners even harder 
Can your cat recognise you by scent? New study shows it’s likely 
The American mass exodus to Canada amid Trump 2.0 has yet to materialize 
Trump Orders DOJ Investigation Into Exxon, Chevron Over High Gas Prices 
The Beauty Beneath the Expressway: A Journey from Self to Service 
China Eastern Orders 25 Airbus A330neo Jets in $9.35 Billion Deal to Boost International Expansion 
SK Hynix Targets $29.4 Billion Nasdaq Listing to Expand AI Chip Business 
Debate over H-1B visas shines spotlight on US tech worker shortages 
Renault Korea Motors, Renault S.A.'s South Korean division, unveils a strategic shift towards gasoline hybrid models while setting sights on an all-electric horizon to rejuvenate sales and cater to evolving consumer demands.
Currently, Renault Korea offers the hybrid electric version of the XM3 compact SUV as its sole gasoline hybrid model. In addition to this, the company presents three gasoline-powered vehicles, including the XM3, QM6 SUV, and SM6 midsize sedan.
As part of their efforts to expand the lineup, Renault Korea's CEO, Stephane Deblaise, revealed plans to introduce a midsized gasoline hybrid SUV in the second half of next year under the Aurora 1 project, primarily focused on developing gasoline hybrid models.
While the immediate priority for Renault Korea is to introduce gasoline hybrid cars, the company also expressed its capability to produce all-electric vehicles, provided they find the right solutions for battery electric vehicles (BEVs). In this regard, Renault Korea remains open to partnerships with Korean companies specialized in car battery manufacturing, such as LG Energy Solution, SK On, and Samsung SDI Co.
Renault Korea initiated a joint project with Geely Automobile Holdings, China's prominent privately owned automotive group, to develop a new gasoline hybrid SUV. This SUV will be built on the compact modular architecture (CMA) platform, which Geely and Volvo Cars jointly developed at Sweden's Chinese carmaker's research and development center.
Furthermore, Renault Group's strategic collaboration with Geely Holding Group aims to introduce all-new fuel-efficient hybrid electric vehicles (HEVs) and internal combustion engine models specifically tailored to the Korean and international markets. However, no plans exist to include gasoline hybrid versions of the SM6 and QM6 in the current lineup.
In anticipation of the upcoming era of BEVs, Renault Korea is in discussions with the South Korean government regarding the potential manufacturing of BEVs at its Busan plant, located 320 kilometers southeast of Seoul. Such a move would position Renault Korea well to tap into the growing demand for electric vehicles.
Renault Korea experienced a 25% decline in sales from January to July, with weak demand for its models being the primary contributing factor.
Photo: Renault Group Newsroom
