ic driving.  Secondary electric motor or high-voltage starter generator (HSG) develops 25 hp for 50 Nm of torque. This motor starts the internal combustion engine and manages gear changes. The new powertrains are developed by Horse Powertrain with a joint venture between Renault Group, Geely, and Aramco. Based on Renault press release...

News  Updated at: 2025/06/16

Saudi Aramco Technologies Company partners with BYD to develop NEV technologies On April 21, Saudi Arabia's state-owned oil company Aramco announced that its subsidiary Saudi Aramco Technologies Company (SATC) has partnered with BYD to explore working together on new energy vehicle (NEV) technologies. Under the joint development agreement, the two companies aim to develop new technologies that improve efficiency and reduce environmental impact. I...

News  Updated at: 2025/04/21

t the Yew Tree Consortium, Canada, Chairman Lawrence Stroll’s investment vehicle, plans to invest GBP 52.5 million in the British luxury carmaker, increasing its stake from 27.67% to 33% of the company’s issued share capital. The company also plans to sell its minority stake in the Aston Martin Aramco Formula One Team to Yew Tree Consortium, expecting to realize a premium to the current book value of around GBP 74 million, with no impact on t...

News  Updated at: 2025/04/01

Aramco and Ma'aden to form joint venture in Saudi Arabia for lithium extraction On January 15, Aramco signed non-binding heads of terms with Ma'aden, the largest multi-commodity mining and metals company in the Middle East and North Africa region, to form a joint venture in Saudi Arabia. The JV will focus on energy transition minerals, including lithium extraction from high-concentration deposits and developing cost-effective direct lithium ext...

News  Updated at: 2025/01/27

le transportation in the Kingdom. The new bus can travel up to 635 kilometres on a single charge and can accommodate 45 passengers. The bus trial is a partnership between government entities and the private sector, represented by Al-Majdouie-Hyundai, the supplier of the hydrogen-powered bus; Saudi Aramco and Air Products, the operators and supervisors of the hydrogen fueling station; and Abdullah Hashim Company, the suppliers of hydrogen gas thr...

News  Updated at: 2024/12/16

Aramco completes acquisition of 10% stake in Horse Powertrain On December 2, Horse Powertrain announced that Aramco, via its subsidiary Aramco Asia Singapore Pte. Ltd., has completed the acquisition of a 10% equity stake in the company. This investment, valuing Horse Powertrain at EUR 7.4 billion, supports Aramco’s efforts to advance low-emission mobility solutions. Renault Group and Geely retain 45% stakes each in Horse, which specializes in h...

News  Updated at: 2024/12/03

Aramco to acquire 10% equity in HORSE Powertrain Limited On June 28, Renault Group announced the investment from Aramco in HORSE Powertrain Limited. Investment will be based on a EUR 7.4 billion enterprise valuation of HORSE Powertrain. With this investment, Aramco will acquire a 10% equity stake in HORSE Powertrain Limited, mainly supporting the development of technologies such as hybrid powertrains, synthetic fuels, and hydrogen, with an estima...

News  Updated at: 2024/06/29

South Korea’s Enplus to partner with Aramco’s subsidiary in R&D on secondary battery materials Several South Korean media sources reported that Enplus Co., Ltd., a secondary battery material manufacturer, agreed with GCC Lab, a subsidiary of Saudi Arabian Aramco, to cooperate in research, development, and delivery of secondary batteries and other products. Under the agreement, the two companies will establish an R&D company specializing in d...

News  Updated at: 2024/06/03

Stellantis collaborates with Saudi Aramco for low-carbon eFuel in Europe On September 5, Stellantis announced that its 24 engine families in European vehicles are compatible with expected eFuels formulations. Recently, the company has identified that its engine families in European vehicles, totaling 28 million vehicles, which can seamlessly use advanced drop-in eFuel without any powertrain modifications.These findings come after extensive testin...

News  Updated at: 2023/09/06

ENEOS, Idemitsu, and Aramco partner to commercialize synthetic fuels ENEOS Holdings, Inc. (ENEOS), Idemitsu Kosan Co., Ltd. (Idemitsu Kosan), and Saudi Arabian maker Aramco Asia Japan K.K. (Aramco) announced they have agreed to jointly work on technical cooperation and studies for commercializing and spreading synthetic fuels in Japan. The three makers will bring together technologies and knowledge related to liquid fuels and internal combustion ...

News  Updated at: 2023/08/16

Renault Group and Geely sign joint venture to launch powertrain technology company On July 11, Renault announced that it singed a binding 50/50 joint venture agreement with Geely Holding Group to establish a new powertrain technology company.The new company aims to become a global leader in developing and manufacturing hybrid and plug-in hybrid engines and transmissions. Aramco is also considering a strategic investment in the new powertrain tech...

News  Updated at: 2023/07/11

ces in Chile and Brazil.Within this global supplier strategy, Renault and Geely will formalize a joint venture in the coming weeks with their subsidiaries.The deal, previously agreed at the beginning of 2023, involves Horse, Aurobay (from the Chinese automaker), in addition to the Saudi oil company Aramco, together with the main investors.The Horse, Geely and Aurobay facilities together will have the capacity to produce more than 5 million gearbo...

News  Updated at: 2023/07/06

APB and Saudi Aramco to collaborate in development of all-polymer battery materials APB Corporation (APB, Echizen City, Fukui Prefecture), which is involved in the development of next-generation lithium-ion batteries (LIBs), announced that it has signed a partnership agreement for the joint development of all-polymer battery materials with the Saudi Arabian Oil Company (Saudi Aramco), a Saudi-owned oil company. APB and Saudi Aramco will pursue hi...

News  Updated at: 2023/04/05

Amogy secures USD 139 million in funding led by SK Innovation for fuel cell technology On March 22, New York-based Amogy Inc., a pioneer of emission-free, energy-dense ammonia power solutions, announced its USD 139 million Series B-1 fundraising. Led by SK Innovation, other investors included Temasek, Korea Zinc, Aramco Ventures, AP Ventures, MOL PLUS, Yanmar Ventures, Zeon Ventures and DCVC. This funding will enable Amogy to continue its organiz...

News  Updated at: 2023/03/24

Aramco, Saudi Aabia to invest in new powertrain company by Geely and Renault On March 2, Aramco signed a letter of intent (LoI) to become a potential minority stakeholder in a new powertrain technology company (PWT), to be established by Geely Holding Group (Geely Holding), Geely Automobile Holdings Limited (Geely Auto) (collectively referred to as “Geely”) and Renault Group.The new company will be dedicated to internal combustion and hybrid ...

News  Updated at: 2023/03/02

k.Amogy will continue to pursue strategic partnerships across the global shipping and transportation industries by presenting a 1 MW-scale ammonia-powered tugboat later in 2023.Founded in Brooklyn, New York, in 2020, Amogy’s investors include Amazon’s Climate Pledge Fund, AP Ventures, SK, Saudi Aramco and DCVC. (Amogy press release on January 17, 2023)...

News  Updated at: 2023/01/20

te with an annual capacity of around 100,000 NEVs in Saudi Arabia. The site will be the first NEV site of a Chinese brand in the country. Also, Enovate Motors is discussing investment strategies with Saudi Arabian investors and shareholders that include the Saudi Sovereign Investment Fund and Saudi Aramco.From an Enovate Motors official website press release...

News  Updated at: 2022/12/14

Aramco signs MoU with PTT to reinforce energy cooperation in Thailand, potential activity areas include clean energy and EVs Announced on May 12, 2022, Saudi Arabian Oil Company (Aramco) is exploring further collaboration with Thailand’s national oil company PTT, as it expands its downstream presence in Asia. The two companies signed a memorandum of understanding (MoU) on May 11.Both firms aim to strengthen cooperation across crude oil sourcing...

News  Updated at: 2022/05/17

Aramco and Hyundai to research advanced fuels for hybrid electric vehicles On March 30, Aramco, Hyundai Motor Group, and King Abdullah University of Science and Technology (KAUST), agreed to jointly research and develop an advanced fuel for an ultra-lean-burn, spark-ignition engine that aims to lower the overall CO2 emissions of a vehicle. The 2-year partnership seeks the development of an optimal fuel formulation for use in combination with a no...

News  Updated at: 2022/03/30

Hongjing Drive completes new funding round of more than CNY 100 million Hangzhou Hongjing Drive Technology Co., Ltd. (Hongjing Drive) announced that it completed a new funding round of more than CNY 100 million which was solely invested by Prosperity7, a venture capital fund under Saudi Aramco. The proceeds from the new funding round will be used for product development, personnel recruitment and capacity expansion. In 2022, Hongjing Drive plans ...

News  Updated at: 2022/02/23