# 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).

- Type: Partnership
- Announced: 2022-11-08
- Value: $15.0B (15.0B EUR)
- Status: announced
- Products: combustion engines
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Renault](https://endata.com/companies/20691.md)
- [Zhejiang Geely Holding Group](https://endata.com/companies/24488.md) (partner)

## Sources

- [news.bloomberglaw.com](https://news.bloomberglaw.com/mergers-and-acquisitions/renault-geely-deal-deepens-chinese-billionaires-industry-reach), 2022-11-08: "Renault SA's deal to pool combustion-engine assets with China's Geely brings another carmaker into the orbit of Li Shufu."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.