Aramco Completes 10% Acquisition in Horse Powertrain

Saudi Aramco has successfully acquired a 10% equity stake in Horse Powertrain Limited, a leader in hybrid and internal combustion powertrain solutions, solidifying a strategic partnership aimed at advancing synthetic fuels, lubricants, and propulsion system technologies. Worth 7.4 billion euros, the deal complements Aramco’s research and development efforts in low-carbon mobility solutions. Major shareholders Renault Group and Zhejiang Geely retain 45% each of the company. The collaboration underlines a shared vision to reduce transportation emissions, positioning Horse Powertrain as a Tier-1 propulsion systems supplier to hasten the energy transition. Key executive insights reveal an optimistic future for the partnership’s role in transforming the automotive industry. Horse Powertrain, established in May 2024, is headquartered in London with a global presence, operating 17 plants and five R&D centers, employing 19,000 people. Aramco's presence in the boardroom is acknowledged, alongside Geely and Renault, highlighting the strategic alliance’s robust industry-leading prospects.