Renault SA and China’s Geely announced plans on Nov. 8 for a jointly owned venture to produce gasoline-powered and hybrid powertrains, adding to a series of partnerships between global automakers to share soaring technology costs.

Russia will take control of French car manufacturer Renault’s operations in the country and resurrect a Soviet-era auto brand, officials said May 16, marking the first major nationalization of a foreign business since the war in Ukraine began.

After the invasion of Ukraine, international carmakers are winding down Russian operations in droves.

Renault SA plans to sell shares in Daimler AG worth about $1.4 billion (1.2 billion euros) to secure funds for its turnaround efforts after a record annual loss.

BEIJING — Renault SA said April 14 it will shut down its main China business and focus on electric and commercial vehicles.

Renault SA Chairman Jean-Dominique Senard said the two-decade automotive partnership with Nissan Motor Co. has moved on from the Carlos Ghosn era, dismissing reports it’s in danger of collapse and signaling the “anguish” of last year is over.

Renault SA will offer its electric Kangoo van with added hydrogen fuel cells before the end of the year and roll out the technology to another model in 2020.

Renault SA Chairman Jean-Dominique Senard appears to have put merger considerations on the backburner as longstanding partner Nissan Motor Co. needs time for a turnaround and a failed deal with rival Fiat Chrysler Automobiles NV remains “dead.”

Renault SA will invest 128.5 million euros ($144 million) for a 50% stake in a venture with Jiangling Motors Corp. to develop electric vehicles in China, part of a push by the French company to make further inroads into the world’s biggest car market.

French police raided Renault SA’s headquarters outside Paris on July 3 to gather evidence for an investigation related to spending by former Chairman Carlos Ghosn.