# Aramco completes 10% stake acquisition in Horse Powertrain joint venture

Aramco has completed its acquisition of a 10% stake in Horse Powertrain, a joint venture between Renault and Geely, valued at $7.8 billion (€7.4 billion). Renault and Geely each retain 45%.

- Type: Acquisition
- Announced: 2024-12-02
- Value: $7.80B
- Status: completed
- Capacity: over 5 million engines annually
- Products: internal combustion engines, hybrid powertrains
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Aramco](https://endata.com/companies/2946.md) (acquirer)
- [HORSE Powertrain](https://endata.com/companies/15183.md) (target)
- [Renault](https://endata.com/companies/20691.md) (partner)
- [Geely Holding](https://endata.com/companies/25757.md) (partner)

## Sources

- [forbesmiddleeast.com](https://forbesmiddleeast.com/money/markets/saudi-aramco-completes-10-stake-purchase-in-renault-chinas-geely-powertrain-joint-venture), 2024-12-02: "Aramco has completed its 10% stake acquisition in Horse Powertrain as part of its efforts to develop new mobility solutions to reduce transport emissions."

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