Gold Prices Dip Slightly But Hold Weekly Gains Amid U.S.-Iran Ceasefire Hopes 
Greg Abel Sells Berkshire Hathaway Stocks Managed by Former Investment Manager Todd Combs 
Japan Opens Arms Export Floodgates: New Policy Draws Global Defense Interest 
Australia Extends Fuel Sulphur Relaxation Amid Iran War Supply Disruptions 
U.S. Stock Futures Hold Steady After S&P 500 and Nasdaq Hit Record Highs 
KKR's $820M Investment Fuels Samsung SDS AI Expansion, Sending Group Shares Soaring 
IMF and World Bank Resume Ties with Venezuela, Opening Door to Billions in Funding 
CSN's Cement Unit Sale Could Exceed $2 Billion as Global Giants Circle 
AEVEX Raises $320 Million in IPO Amid Surging Defense Sector Demand 
Oil Prices Plunge as Strait of Hormuz Reopens Amid U.S.-Iran Ceasefire Talks 
Every generation thinks they had it the toughest, but for Gen Z, they’re probably right 
TSMC Posts Record Q1 Profit Fueled by AI Chip Demand 
ASML Raises 2026 Revenue Outlook as AI Chip Demand Surges 
Elon Musk's Terafab Foundry Courts Top Chipmaking Giants for AI Self-Sufficiency Push 
Britain has almost 1 million young people not in work or education – here’s what evidence shows can change that 
Middle East Ceasefire Hopes Lift Asian Markets as Oil Prices Retreat 
Elliott Investment Takes ~3% Stake in Daikin, Pushes for Buybacks and Strategic Overhaul 
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
