Geely will include eight powertrain plants in China and one in Sweden in its future combustion engine joint venture with Renault and Saudi Aramco , two sources close to the matter said.
Code-named "Horse" by Renault and "Rubik" by China's Geely, the JV was signed into 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 has previously said the Horse project will have 17 plants - eight from the French carmaker in Latin America, Europe and Turkey - and nine from Geely. and Geely in 2021, which is now fully owned by Geely - eight are based in China and one is in Skovde, Sweden. Geely will bring all of its engine and transmission plants to the JV, but not its electric powertrains.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'We are all Chinese', former Taiwan president says while visiting ChinaPeople on both sides of the Taiwan Strait are ethnically Chinese and share the same ancestor, former Taiwan President Ma Ying-jeou said on Tuesday at the start of a historic visit to China that Taiwan's ruling party has criticised.
Read more »
U.S.-China Tech Rivalry Will Continue to Put Chinese Firms Under Intense ScrutinyChinese companies will continue to face scrutiny from the U.S. as geopolitical tensions and competition will not ease soon, said a political analyst.
Read more »
2024 Renault Espace Debuts As A Longer Austral With Seven Seats | CarscoopsThe new Espace is shorter than its predecessor but offers class-leading legroom and plenty of practicality inside the cabin
Read more »
New Renault Espace revealed – swaps MPV for SUVIt's the new, sixth-generation RenaultEspace unveiled this morning – and it's turned into a crossover! First picture and details ⤵️
Read more »
Renault Espace returns as extended, seven-seat Austral | AutocarThe Renault Espace has returned as an extended version of the Austral and is set to rival the Nissan X-Trail
Read more »
A Chinese drone for hobbyists plays a crucial role in the Russia-Ukraine warThere's lots of talk about China supplying weapons to Russia for its war in Ukraine. But one Chinese product already plays a key battlefield role - a cheap, popular, off-the-shelf, commercial drone.
Read more »