# Aramco close to agreeing 10% stake in Renault-Geely thermal engines JV

Saudi Aramco is close to agreeing to acquire a 10% stake in the thermal engines joint venture between Renault and Geely. The report was published on June 27, 2024.

- Type: Acquisition
- Announced: 2024-06-27
- Status: rumored
- Products: thermal engines
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Saudi Aramco](https://endata.com/companies/304.md) (investor)
- [Renault](https://endata.com/companies/20691.md) (partner)
- [Geely Holding](https://endata.com/companies/25757.md) (partner)

## Sources

- [reuters.com](https://www.reuters.com/business/autos-transportation/aramco-close-agreeing-10-stake-renault-geely-thermal-engines-jv-sources-say-2024-06-27/), 2024-06-27: "Aramco close to agreeing 10% stake in Renault, Geely thermal engines JV, sources say"

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