Renault: Aramco takes 10% of Horse Powertrain – 02/12/2024 at 1:28 p.m.

(CercleFinance.com) – Renault announces the finalization of the acquisition by Aramco of a 10% stake in the capital of Horse Powertrain Limited, valuing this company at 7.4 billion euros in which Renault and Geely each retain a 45% stake.

This investment consolidates the partnership between Horse Powertrain and Aramco, who engage their shared expertise and resources in the search for advances in engine and gearbox technologies, synthetic fuels and lubricants.

It thus aims 'to contribute to transport-related emissions reductions and to help Horse Powertrain become a leading integrated supplier of powertrains in order to accelerate the energy transition'.