A worldwide
low-emission
powertrain champion
On 8 November 2022, car manufacturers Geely and Renault Group signed a framework agreement to create a new entity by combining their subsidiaries specialised in powertrain design and production (especially Aurobay and Horse).
Four months later, Aramco teamed up and should join this future joint venture that will be owned equally by both majority partners. Together, they aim to become the leader in the next generation of low-emission internal combustion and hybrid powertrains
Involved
partners
Ambition
and market
This joint venture’s ambition is to become the market leader for the next generation of low-emission internal combustion and hybrid powertrains. Its range of powertrains will cover more than 80% of the market’s requirements.
Value chain coverage
01
Engines
02
Gearboxes
03
Power
Power
batteries (R&D)
04
Fuels
€15 billion
in revenue
5 million
units manufactured
80%
of market requirements
Business at scale
Horse supplies Renault, Dacia, and Alliance partners Nissan and Mitsubishi.
Geely and Aurobay furnish Geely brands, namely Geely Auto, Volvo Cars, Lynk & Co and Proton.
The new company will be in a position to supply powertrains to other vehicle manufacturers, and keen to include new partners and shareholders interested in working with it on low-emission engines.
Complementary
partners
Geely, Aurobay and Horse manufacture complementary lines of products and will offer a wide range of engines and transmission systems.
Geely, Aurobay and Horse also complement each other from a geographical standpoint: Geely and Aurobay are mostly active in China and the United States, while Horse is principally active in Europe, Latin America and the rest of the world.
Geely, Aurobay and Horse manufacture complementary lines of products and will offer a wide range of engines and transmission systems.
Geely, Aurobay and Horse also complement each other from a geographical standpoint: Geely and Aurobay are mostly active in China and the United States, while Horse is principally active in Europe, Latin America and the rest of the world.
Plant
Renault Group
Aurobay Volvo
Geely
R&D Centre
Renault Group
Aurobay Volvo
Geely
19,000
Employees
17
Plants
5
R&D centres
Sites
Horse’s, Geely’s and Aurobay’s plants will have capacity to produce over 5 million transmission systems and powertrains a year.
The new company will operate 22 sites worldwide, from Geely (Geely’s and its subsidiary Aurobay’s sites in China and Sweden) and Renault Group (R&D centres and production plants in Spain, Portugal, Romania, Türkiye and South America). These bases will be equipped to supply over 5 million transmission systems and powertrains a year, in an extensive range covering 80% of the requirements relating to internal combustion engines on the global market.
It will concurrently develop the next generation of fuels.
