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31 May
16:05

Renault, Geely launch hybrid, alternative fuel powertrain JV

France’s Renault Group and China’s Geely announced on Friday their 50-50 powertrain technology joint venture has been created, Kallanish reports. The so-called Horse Powertrain Limited was registered in London, UK on 31 May after receiving authorities’ clearance, and follows an agreement inked in July 2023. The new company is already touted as a global leader in hybrid and combustion powertrain solutions, with 17 plants worldwide, five R&D …
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