Renault Group and Geely launch Horse Powertrain Limited

Renault Group and Geely have established Horse Powertrain Limited, a joint venture based in London, focused on developing low-emission thermal and hybrid powertrain technologies. This initiative aims to support the decarbonization of road transport, a critical challenge for the automotive industry's future. HORSE Powertrain designs and manufactures cutting-edge engines, transmissions, and hybrid systems, drawing on the intellectual property of both partners. The company operates 17 production sites, 5 R&D centers, and employs 19,000 people. With projected annual revenue of €15 billion, it plans to produce 5 million powertrain units per year.