A global leader
in low-emission
powertrains
On 8 November 2022, Renault Group and Geely Holding Group, Geely Automobile Holdings Limited (collectively referred to as “Geely”) signed a framework agreement to create a new global leader to develop, manufacture and supply low-emission internal combustion and hybrid powertrains.
Aurobay, with its focus on sustainability and lifecycle approach to emissions, will work with HORSE in leading the development of low and zero emission combustion and hybrid engines.
In March 2023, Aramco signed a letter of intent to become a stakeholder in the joint venture. Geely and Renault Group retain equal equity stakes in the new independent entity.
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 +
production capacity – units per year
80%
of market requirements
Business at scale
HORSE supplies Renault, Dacia, and Alliance partners Nissan and Mitsubishi.
Geely and Aurobay supply Geely Auto, Volvo Cars, Lynk & Co and Proton.
The organisation has the capacity to develop and supply powertrains to other vehicle manufacturers and industry sectors in need of low-emission, power generation solutions.
Complementary
partners
HORSE, Geely and Aurobay manufacture and supply complementary products, offering a wide range of engines, transmissions and hybrid systems.
From a geographic perspective, these organisations enhance each other: Geely and Aurobay are active in China and the United States, while HORSE is principally active in Europe and Latin America.
HORSE, Geely and Aurobay manufacture and supply complementary products, offering a wide range of engines, transmissions and hybrid systems.
From a geographic perspective, these organisations enhance each other: Geely and Aurobay are active in China and the United States, while HORSE is principally active in Europe and Latin America.
Plant
Renault Group
Aurobay Volvo
Geely
R&D Centre
Renault Group
Aurobay Volvo
Geely
19,000
Employees
17
Plants
5
R&D centres
Sites
Renault Group and Geely have dual-capacity to produce more than 5 million powertrain and transmission systems a year that cover 80% of regional requirements around the world.
The new company will operate 22 sites worldwide.
Renault Group features R&D centres and production plants in Europe (Spain, Portugal, Romania and Turkey) and South America (Argentina, Brazil and Chile).
Geely operates sites in China and Sweden.
