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Aramco to Buy Stake in Geely-Renault Engine Joint Venture for Nearly $800 Million — Update

Retrieved on: 2024-06-28 17:39:01

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Aramco to Buy Stake in Geely-Renault Engine Joint Venture for Nearly $800 Million — Update. View article details on hiswai:

Summary

Saudi Aramco’s acquisition of a 10% stake in Horse Powertrains Limited links Saudi Arabia's economic history to US relations and energy innovations. This partnership with Geely and Renault aims to develop efficient, lower-carbon engines, including hydrogen-powered solutions.

Article found on: www.morningstar.com

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