# Renault and Geely establish HORSE Powertrain joint venture

Renault Group and Geely established a 50/50 joint venture named HORSE Powertrain Ltd. for hybrid and combustion powertrain solutions, aiming for about €15 billion yearly revenue.

- Type: Partnership
- Announced: 2024-05-31
- Status: completed
- Products: hybrid powertrains, combustion engines
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5276096/renault-geely-set-up-joint-venture-for-hybrid-combustion-engines), 2024-06-03: "The venture aims to achieve net-zero emissions with hybrid and combustion powertrain solutions, with the ambition to reach about €15 billion yearly revenue."

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