# Renault and Geely to finalize ICE powertrain JV by end of February

Renault and Geely are expected to finalize their 50/50 joint venture for ICE powertrain technology by the end of February 2024. The new company will include 17 engine plants and 5 R&D centers across 3 continents with 19,000 employees, targeting €15 billion in annual turnover.

- Type: Partnership
- Announced: 2024-02-13
- Jobs: 19,000
- Status: announced
- Products: ICE powertrain technology
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Aramco](https://endata.com/companies/2946.md) (investor)
- [Renault](https://endata.com/companies/20691.md) (partner)
- [Geely Holding](https://endata.com/companies/25757.md) (partner)

## Sources

- [just-auto.com](https://www.just-auto.com/news/renault-geely-expected-to-finalise-powertrain-jv-by-end-of-february-report/), 2024-02-13: "The projects advance as planned, we will communicate in due time."

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