Renault announces that Aramco has signed definitive agreements to acquire a 10% stake in HORSE Powertrain Limited, a subsidiary of Le Losange, valuing the company at 7.4 billion euros.

Renault Group and Geely will each retain a 45% stake.

Aramco's investment will support the growth of HORSE Powertrain Limited and contribute to the development of a competitive powertrain and synthetic fuels offering.

HORSE Powertrain Limited's annual production is expected to reach five million powertrains, encompassing a comprehensive portfolio of advanced technologies for its partners worldwide.

Copyright (c) 2024 CercleFinance.com. All rights reserved.