Renault Group and Geely create HORSE Powertrain Limited joint venture

Renault Group and Geely officially created HORSE Powertrain Limited, a 50/50 joint venture headquartered in London, to develop hybrid and combustion powertrain technologies. The company expects €15 billion in annual revenues and production of 5 million powertrain units per year.

“Following the joint venture agreement signed on July 11, 2023, and after having obtained the approval of the relevant authorities, Renault Group, Geely Holding Group, Geely Automobile Holdings Limited have officially created HORSE Powertrain Limited.”media.renaultgroup.com

• 2 sources
• media.renaultgroup.comRenault Group and Geely announce the creation of leading Powertrain Technology Company, “HORSE Powertrain Limited” - Renault Group global media websiteMinatchi TonyMay 31, 2024
• news.cision.comAurobay joins worldwide powertrain technology company - AurobayMay 31, 2024

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