nault Group and Geely Automobile established a joint venture company, HORSE Powertrain, with each group holding a 50% stake in May 2024, which is responsible for development and production of ICE and HEV systems among the Group’s five business areas. In June 2024, Saudi Arabian Oil Company (Saudi Aramco), Saudi Arabia’s state-owned petroleum company, announced that it would make an investment to acquire a 10% stake in HORSE Powertrain. The re...

Market & Tech Reports  Updated at: 2025/08/08

CU for glass roof of Mercedes-Benz SLK Eberspaecher supplying titanium exhaust system for Porsche Eberspaecher forms exhaust system subsidiary in China Eberspaecher acquires shares of Swedish exhaust system manufacturer Eberspacher develops exhaust system for Opel Ampera Eberspaecher to equip Saudi Aramco's bus fleet with air conditioners Eberspaecher supplying PTC heater for Rinspeed's concept car Eberspaecher develops new bus air-conditioning s...

Major Suppliers  Updated at: 2025/06/26

ge of the transition to electric vehicles, pointing out that more than one billion vehicles are still expected to be non-electric by 2040.   On May 31, 2024, Geely Holding Group and Renault Group officially established HORSE Powertrain Limited (HP), headquartered in London. In December 2024, Saudi Aramco acquired a 10% stake in HORSE Powertrain.   With 125 years of experience in powertrain innovation, the company is committed to sustainability ...

Market & Tech Reports  Updated at: 2025/06/20

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

medium and high pressure applications Based on 2.2L DI diesel engine (100 kW/340Nm) with single stage turbocharger featuring: Medium pressure DI (20 to 40 bar) with 100% hydrogen Full injection and engine control for 700 bar hydrogen storage CO2 < 1 g/km, EU7 compliant with SCR Co-development with Aramco Extensive real-world variation on open road in progress ...

Search Suppliers  Updated at: 2025/02/26

HORSE HOLDING HORSE's Headquarters, and R&D location for High-energy-efficiency Internal-combustion, Full-hybrid and Plug-in hybrid Powertrains and Top-tier technologies (Engines, Gearboxes, Full-hybrid and Plug-in hybrid systems, and Batteries) - On June 28, 2024, it was announced that Aramco to acquire a 10% stake in HORSE Powertrain Limited for supporting the development of hybrid powertrains, synthetic fuels, and hydrogen technologies. - Wo...

OEM Plants  Updated at: 2025/02/07

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

ARLANXEO Holding B.V. Netherlands -Shareholder(s): LANXESS 50%, Saudi Aramco 50% Various rubber processing Butyl rubber Rubber chemicals ...

Search Suppliers  Updated at: 2024/12/20

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

motor in order to avoid a noticeable drop in performance when the battery charge level is low. CHINESE MANUFACTURERS PUSHING INTO EUROPE   An interesting new development is the formation of the French-Chinese company Horse Powertrain Solutions, a joint venture between Renault and Geely with Aramco as a minority stakeholder. The unique feature of Horse at the moment, at least in Europe, is that it covers all areas relating to modern hybrid...

Market & Tech Reports  Updated at: 2024/10/03

ord Group’s global production output to increase only slightly by 1.6% YoY to 4.3 mn units. Geely GroupSince mid-2023, Renault and Geely have combined their ICE and hybrid engine subsidiaries under a JV called HORSE to share powertrain development costs. Following its official launch in May 2024, Aramco acquired a 10% stake as a late-stage investor, valuing the JV at around US$7.9 bn. In China, Geely Automobile, in collaboration with a prominen...

Market & Tech Reports  Updated at: 2024/07/26

HEV and PHEV powertrains. In the future, the company aims to establish a production system capable of producing up to 5 million powertrains. The concept will also include LCVs (light commercial vehicles) and cover all energy sources such as e-fuels, hydrogen, LPG, CNG, and ethanol.  In June 2024, Aramco of Saudi Arabia announced that it will take a 10% stake in HORSE Powertrain Limited, cooperating in the development of e-fuel and hydrogen fuel...

Market & Tech Reports  Updated at: 2024/07/12

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

wertrain businesses.   Together they will then be the largest powertrain manufacturer in the world.   The newly merged company will operate in Asia, the US and Europe with 17 plants, 5 R&D centers and 19,000 employees and will have a production target of 5 million powertrains per year.   Finally ARAMCO has signed a non-binding agreement to join as a minority investor, which will play an important role in the further development of synthetic fu...

Market & Tech Reports  Updated at: 2024/06/06

Arlanxeo Deutschland GmbH, on May 25, 2018, on the joint research and development of synthetic rubber technology for high-performance tires. Arlanxeo is a 50-50 joint venture established in April 2016 by German specialty chemical manufacturers, Lanxess, and Saudi Arabian national oil company, Saudi Aramco. Hankook Tire and Lanxess signed a contract for a long-term supply of high-performance tire materials in 2008, and began the joint development ...

Major Suppliers  Updated at: 2024/06/04

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