Aramco acquires 10% stake in Horse Powertrain to advance low-emission mobility solutions

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Aramco acquires 10% stake in Horse Powertrain to advance low-emission mobility solutions

^{Published on 2024-12-02 22:31:33 - Aaron Neefham, N@N}

Renault Group and Geely each retain 45% ownership of Horse Powertrain. Aramco's involvement seeks to leverage its research and development expertise and explore innovative approaches to reduce transport emissions,

Saudi Aramco has acquired a 10% stake in Horse Powertrain, a company focused on developing low-emission mobility solutions, as part of its strategy to diversify into sustainable energy technologies. This investment aims to bolster Horse Powertrain's efforts in creating advanced, eco-friendly powertrain technologies, including hydrogen and hybrid systems. The partnership will leverage Aramco's extensive experience in energy and technology to enhance Horse Powertrain's capabilities in producing engines that reduce carbon emissions, aligning with global trends towards sustainability and lower carbon footprints in the automotive industry.

Read the Full ET Auto Article at:
[ https://auto.economictimes.indiatimes.com/news/industry/aramco-acquires-10-stake-in-horse-powertrain-to-advance-low-emission-mobility-solutions/115916678 ]

Contributing Sources

Aaron Neefham

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