Together, Renault and Geely have launched a new company centered in the UK that will produce and market combustion and hybrid drivetrains. This company will operate under the name HORSE Powertrain and provide services to a range of industrial clients, including Nissan, Mitsubishi Motors Company, Proton, Geely Auto, Renault Group, and Proton. Either Renault or Geely owns 50% of the company in equal shares.

Renault and Geely Partner for HORSE POWERTRAIN

HORSE Powertrain is dedicated to creating, manufacturing, and marketing hybrid and combustion powertrain solutions incorporating advanced technologies like engines, transmissions, hybrid systems, and batteries.

According to Reuters, Renault and Geely have officially announced a long-awaited collaboration to form a joint venture. This partnership aims to enhance the competitiveness of their traditional auto operations by focusing on the development of advanced combustion and hybrid engines.

The venture's primary goal is to create more fuel-efficient gasoline engines and hybrid systems, aligning with the industry trend of increased investment in low-emission powertrains due to a slowdown in electric vehicle sales.

In a joint statement, Renault and Geely emphasized the necessity of integrating diverse powertrain technologies to accomplish effective decarbonization. They highlighted that in a scenario where over half of the vehicles produced are projected to continue using combustion engines by 2040, a strategic blend of technologies is crucial for sustainability.

As per a report by Business Insider, Matias Giannini has been named the CEO of HORSE Powertrain Limited. Additionally, Lee Ma and Juan Ferrera have taken on the roles of Chief Financial Officer and Chief Human Resources Officer, respectively.

Furthermore, the individual operational divisions of HORSE Powertrain, known as Horse and Aurobay, will be independently separated from Renault Group and Geely, respectively.

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What This Partnership Targets

According to FleetNews, HORSE Powertrain will concentrate on manufacturing eco-friendly hybrid and internal combustion engines, incorporating the utilization of alternative fuels. Renault Group and Geely anticipate experiencing immediate advantages in terms of scale and market reach from this initiative.

Renault Group CEO Luca de Meo, stated that day marked a major step forward in tackling the main issues facing the automotive industry, namely the decarbonization of road traffic. It is considered imperative for the future to work with the well-known corporation Geely to create a new organization that has the capacity and expertise to create extremely efficient internal combustion engines and hybrid technologies.

Through this partnership with Horse Powertrain, Renault Group hopes to become a global leader in the industry and increase its market share in a sector that makes up more than 80% of its business. As they work together to address the decarbonization problem, innovation will be highlighted.

By partnering through Horse Powertrain, Renault Group aims to attain global leadership and expand its presence in a sector that accounts for over 80% of its operations. The focus will be on innovation as they jointly tackle the decarbonization challenge.

FleetNews added that Horse as an established entity, has introduced a novel range extender powertrain tailored for cars and vans. This solution offers a potential range of up to 500 miles while maintaining a minimal environmental footprint.

The powertrain includes a battery that is approximately half the size of a standard electric car's battery, delivering a zero-emission range of 124 miles.

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