# Saudi Aramco acquires 10% stake in Horse Powertrain JV

Saudi Aramco acquired a 10% stake in Horse Powertrain, a joint venture between Renault and Geely, based on a EUR 7.4 billion valuation. Renault and Geely each retain 45%.

- Type: Acquisition
- Announced: 2024-12-02
- Where: London, United Kingdom
- Value: $7.80B (7.40B EUR)
- Status: completed
- Products: hybrid and internal combustion engine powertrain components, synthetic fuels
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [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)
- [Saudi Arabian Oil Company](https://endata.com/companies/34735.md) (acquirer)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/saudi-aramco-buys-10-stake-in-renault-geely-powertrain-jv), 2024-12-04: "Our investment in Horse Powertrain builds on our considerable research and development in this field."

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