Chinese automaker Geely is in talks to acquire a considerable and likely controlling stake in the internal combustion engine (ICE) vehicle business unit of Renault, according to a Tuesday report by Reuters, citing people familiar with the matter. It comes at a time when Renault is looking to accelerate its transition to electric vehicles and has entered separate negotiations with long-time partner Nissan to invest in a standalone EV unit. The French automaker sold 34% of its South Korean company to Geely in May when both revealed plans to jointly develop and make hybrid vehicles at a plant in Busan. Geely also owns Volvo and holds a minority stake in Daimler. [Reuters]