Renault and Geely to pool combustion-engine assets in new company Horse

Renault SA and Zhejiang Geely Holding Group signed an agreement to pool their global combustion-engine assets into a new company called Horse, with annual revenue of €15 billion ($15 billion).

“Renault SA's deal to pool combustion-engine assets with China's Geely brings another carmaker into the orbit of Li Shufu.”news.bloomberglaw.com

• 1 source
• news.bloomberglaw.comRenault-Geely Deal Deepens Chinese Billionaire’s Industry ReachRafaela LindebergNov 8, 2022

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