ENZHMS
Link Copiedcheck_circle
International

Geely Will Include Eight Chinese Powertrain Plants In Renault JV - Sources

Anis

Share via


According to two sources close to the matter, Geely will include eight powertrain plants in China and one in Sweden in its future combustion engine joint venture with Renault and Saudi Aramco. The joint venture, codenamed "Horse" by Renault and "Rubik" by China's Geely, was formed in November of last year to develop more efficient gasoline engines and hybrid systems at a time when the auto industry is focused on the capital-intensive transition to battery electric vehicles.




Renault and Geely want the JV to be a leading combustion engine and hybrid engine supplier to the automotive industry by the end of 2023, with a workforce of 19,000 and annual revenue of 15 billion euros (RM72bil). Renault previously stated that the Horse project will include 17 plants, including eight from the French automaker in Latin America, Europe, and Turkey, and nine from Geely.


According to two sources, eight of the nine plants coming from Geely and Aurobay. The combustion engine unit created by Volvo Cars and Geely in 2021, which is now fully owned by Geely; are in China, with one in Skovde, Sweden.


The future JV will also have two Geely-Aurobay R&D centers, one in Hangzhou Bay, China, and the other in Gothenburg, Sweden. Renault will contribute three R&D centres in Latin America and Europe to the JV. "It demonstrates that the footprint is very complementary and globally balanced," one source said. Geely Europe's spokesman declined to comment.


Geely will bring all of its engine and transmission plants, but not its electric powertrains, to the JV. Renault's EV technology will be kept separate from Horse and will form the foundation of the company's future "Ampere" unit. Renault's strategy for re-entering the electrification race includes a possible public listing for Ampère later this year.





According to Geely and Renault, the JV will have an annual capacity of more than five million internal combustion, hybrid, and plug-in hybrid engines and transmissions. Saudi Aramaco will contribute expertise in e-fuels and hydrogen.

Gallery

Share This Article

Written By

Anis

Previously in banking and e commerce before she realized nothing makes her happier than a revving engine and gleaming tyres........

Share via

JPJ Running Numbers

KUALA LUMPUR

VPJ5019

SELANGOR

BSG843

JOHOR

JYC7067

PULAU PINANG

PRS2092

PERAK

ANX4409

PAHANG

CFC4720

KEDAH

KGB2853

NEGERI SEMBILAN

NEG4089

KOTA KINABALU

SJL5867

KUCHING

QAB6412L

Last updated 08 Jul, 2025

Fuel Price

Petrol

RON 95

RM 2.05

RON 97

RM 3.18

-0.03

RON 100

RM 5.00

VPR

RM 6.23

Diesel

EURO 5 B10

RM 2.85

-0.03

EURO 5 B7

RM 3.05

-0.03

Last updated 03 Jul, 2025

Related News

International
Renault And Geely Finalises ‘HORSE Powertrain’ JV To Produce ICEs

Renault And Geely Finalises ‘HORSE Powertrain’ JV To Produce ICEs

Renault Group and China’s Geely finalises ICE-making joint-venture, christening it as ‘HORSE Powertrain’.

04-06-2024
International
Geely, Renault Ink Deal To Develop Powertrain Technology

Geely, Renault Ink Deal To Develop Powertrain Technology

Geely and Renault invest up to 7.71 billion to develop petrol engines and hybrid technology.

13-07-2023
International
Aramco Acquires 10% Stake in Horse Powertrain Limited

Aramco Acquires 10% Stake in Horse Powertrain Limited

Saudi oil and gas giant Aramco acquires 10% in Horse Powertrain Limited JV established by Geely and Renault.

04-07-2024
Auto News
Shell: Malaysia Is Important, We Remain Committed

Shell: Malaysia Is Important, We Remain Committed

Malaysian arm of fuel retailers Shell issues brief statement in response to reports of Saudi Aramco sale and takeover talks.

09-05-2024
Auto News
Saudi Aramco To Acquire Shell Retail Network In Malaysia?

Saudi Aramco To Acquire Shell Retail Network In Malaysia?

Industry insiders claims Shell in talks with Saudi Aramco over sale of its Malaysian retail network.

07-05-2024
EV
EV Battery Prices Expected To Fall Almost 50% By 2026

EV Battery Prices Expected To Fall Almost 50% By 2026

Goldman Sachs Research predicts that EV battery prices will drop by 50% by 2026.

09-10-2024
EV
Global EV sales up 21% in July As China Records Biggest Jump Of 2024 - Report

Global EV sales up 21% in July As China Records Biggest Jump Of 2024 - Report

July saw a 21% annual increase in global sales of plug-in hybrid and fully electric cars, driven by China's fastest-growing market this year.

14-08-2024
EV
Electric Vehicles Are Becoming More Popular In US - Report

Electric Vehicles Are Becoming More Popular In US - Report

Electrified cars, including hybrids and fully electric models, are becoming more popular in the US, report says.

28-02-2024

Latest News

International
Report: BYD Leads 1H 2025 Sales Amongst Major Chinese Automakers

Report: BYD Leads 1H 2025 Sales Amongst Major Chinese Automakers

NEV-making giants BYD leads Chinese automakers with sales totalling over 2.1 million units in 1H 2025.

07-07-2025
International
BMW M2 CS Dethrones Audi RS3 to Set New Nurburgring Record

BMW M2 CS Dethrones Audi RS3 to Set New Nurburgring Record

The all-new G87-gen BMW M2 CS dethrones the Audi RS3 to become the fastest compact car on the Nurburgring.

07-07-2025
International
New Armoured Volvo XC90 Detailed

New Armoured Volvo XC90 Detailed

New armoured Volvo XC90 takes safety to a whole new level with added layers of bulletproof protection.

07-07-2025
International
Porsche 911 Club Coupe Celebrates 70 Years of Porsche Club America

Porsche 911 Club Coupe Celebrates 70 Years of Porsche Club America

This 70-unit-only Porsche 911 Club Coupe celebrates 70 years of the Porsche Club of America, featuring a manual gearbox.

07-07-2025
International
992.2 Porsche 911 Carrera 4S Debuts – More Power, 8-Speed PDK Only

992.2 Porsche 911 Carrera 4S Debuts – More Power, 8-Speed PDK Only

The 992.2-gen Porsche 911 Carrera 4S breaks cover with more power and no stick-shift manual option.

03-07-2025
International
New MG4 Gets Semi-Solid Battery and OPPO Smart Travel Integration

New MG4 Gets Semi-Solid Battery and OPPO Smart Travel Integration

New MG4 set to adopt next-gen semi-solid-state battery tech and seamless smartphone connectivity powered by OPPO.

03-07-2025
International
Mitsubishi Grandis Reborn as a Renault-Based SUV in Europe

Mitsubishi Grandis Reborn as a Renault-Based SUV in Europe

The Mitsubishi Grandis returns as an SUV in Europe, featuring Renault underbones and hybrid-only powertrains.

03-07-2025
International
New Ferrari Amalfi Bows As 631 HP Successor to The Roma

New Ferrari Amalfi Bows As 631 HP Successor to The Roma

New Ferrari Amalfi bows as successor to the utterly gorgeous Roma, and it boasts ‘accessible’ pace with 631 HP V8 heart.

03-07-2025

Show More

trending_flat
Carz Automedia Malaysia Logo
About Us

CarzAutoMedia: Stay connected to the latest car news! Get instant updates on new releases, industry trends, and automotive innovations. Your go-to source for 24/7 coverage of everything automotive.

© 2025 CariCarz.com. All Rights Reserved.