# 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.

- Type: Partnership
- Announced: 2024-05-31
- Where: London, United Kingdom
- Jobs: 10,000
- Status: completed
- Capacity: 5 million powertrain units per year
- Products: hybrid powertrains, internal combustion engines, transmissions, battery solutions
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [HORSE Powertrain](https://endata.com/companies/15183.md)
- [Aurobay](https://endata.com/companies/48003.md)
- [Renault](https://endata.com/companies/20691.md) (partner)
- [Geely Holding](https://endata.com/companies/25757.md) (partner)
- [Geely Automobile Holdings](https://endata.com/companies/27939.md) (partner)

## Sources

- [media.renaultgroup.com](https://media.renaultgroup.com/renault-group-and-geely-announce-the-creation-of-leading-powertrain-technology-company-horse-powertrain-limited/?lang=eng), 2024-05-31: "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."
- [news.cision.com](https://news.cision.com/aurobay/r/aurobay-joins-worldwide-powertrain-technology-company,c4405529), 2024-05-31: "As of May 31, Aurobay becomes part of HORSE Powertrain Limited – which is set to be a world leader in hybrid and combustion powertrain solutions and systems."

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