Renault and Geely Unveil Horse Powertrain Collaboration

Renault Group and Geely have joined forces to establish a groundbreaking partnership in the powertrain sector. The newly formed Horse Powertrain, headquartered in London, is a 50-50 joint venture between Renault and Geely. With an ambitious goal of achieving €15 billion in annual revenues and producing 5 million powertrain units per year, Horse Powertrain is set to revolutionize the industry.

One of the key strengths of Horse Powertrain lies in its comprehensive portfolio of powertrain technologies, which includes hybrid systems, internal combustion engines, transmissions, and battery systems. The company is also gearing up to design and produce cutting-edge hydrogen engines and battery powertrains, positioning itself at the forefront of innovation in the field.

By leveraging the transfer of Intellectual Property from Renault Group and Geely, Horse Powertrain has gained full autonomy in developing future powertrain technologies. This strategic move enables the company to cater to diverse market demands, particularly in the realm of alternative fuels such as green methanol, ethanol, and hydrogen.

With a global footprint encompassing 17 plants, 5 R&D centers, and 19,000 employees serving customers in 130 countries, Horse Powertrain is poised for success. The leadership team, led by CEO Matias Giannini and Chair Daniel Li, is committed to driving innovation and sustainability in the automotive sector.

Renault Group's CEO, Luca de Meo, expressed optimism about the partnership, stating, “Through Horse Powertrain, Renault Group can achieve worldwide leadership and scale in a sector representing more than 80% of its business. Together we will rise to meet the decarbonization challenge with innovation at the forefront of our operations.” Geely's Chair, Eric Li, echoed this sentiment, emphasizing the importance of low-emission solutions in shaping the future of mobility.