: Saudi Arabian Oil Company, commonly known as Saudi Aramco, has signed definitive agreements to acquire a 10 per cent equity interest in HORSE Powertrain Limited, a global powertrain solutions company formed by Renault Group and Chinese automaker Geely Auto Group, Xinhua quoted the Saudi Press Agency report on Saturday.
The investment aims to enhance Aramco’s contribution to the global energy transition through the development and commercialisation of more efficient mobility solutions, the SPA reported. “With Geely and Renault, we plan to leverage our collective expertise and resources to support ground-breaking advances in both engine and fuel technologies,“ he added.
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