Geely (parent company of Lotus and Volvo, among others) and the Renault Group are not small players. And because they produce more than 1,000 cars in a few years, they must also switch to an electric range in 2035. And yet the two want to work together to start a new company for combustion engines and PHEV powertrains. And Aramco is very interested in that.
In November last year, Geely and the Renault Group announced that they want to establish an additional company together. This new corporation must build combustion engines, hybrid powertrains and gearboxes. Production capacity is up to five million units per year. The parts must go to 130 countries and come from seventeen factories.
Also interested in hydrogen and synthetic fuel
Geely and Renault are also researching synthetic fuel. Very useful if you are still producing five million combustion engines a year. Hydrogen has also sparked interest in the partnership. Aramco finds it all very interesting and relevant Reuters Aramco wants a 20 percent stake in the new company.
What is Aramco?
Aramco is a Saudi state oil company. The company is trying to gain popularity through sponsorship in motorsport. You’ve probably seen the name floating around in F1. In addition, Aramco is the title sponsor of the Aston Martin F1 team. Now the company also wants to invest in Geely and Renault.
Related posts:
Audi won’t produce any new combustion cars for two and a half years, even though it says customers like internal combustion cars.
This is how Tesla is fueling the import of combustion engines to Switzerland
Electric vehicles have fewer engine failures than combustion engines
ADAC: mid-range electric cars are often cheaper than combustion engines – Economy & Volkswagen – News
Ban internal combustion engines from 2035: not for everyone –
Porsche is not made with internal combustion engines, the latest novel boasts a 500 hp environment.
Research: Electric vehicles can match combustion engines for long distances
Research: Electric vehicles can match combustion engines for long distances
Dacia has announced a surprising deadline for the production of internal combustion engines. How long will petrol, diesel and LPG be with us? | French.pl
E-cars more prone to breakdowns than combustion engines? First compare!
General Motors will return to Europe, but without internal combustion engines
An EU ban on new combustion engines from 2035 is coming – right? > teslamag.de
Fewer failures of electric cars than breakdowns of combustion engines > teslamag.de
Honda leaves internal combustion engines! So far in one industry…
Ferrari doesn’t want electric cars. Combustion engines are an “important part of the heritage” of the brand
Hyundai Kona: clear instructions, first internal combustion engines and then electric
Citroen C4 X now also with combustion engines
Internal combustion engines for Skoda and the same advantage for the electric one in 2025.
Combustion engines: Toyota points (again) to …
Honda wants to continue with internal combustion engines until 2040
A new attempt by the European Union to ban internal combustion engines in a cyclical manner failed, with many countries opposed, including the Czech Republic.
Compact SUV: E-cars at least 11,000 euros more expensive than combustion engines
Maserati CEO: Combustion engines celebrate their “last dance”
Only Mitsubishi ASX with Renault engines
AutoRitratti|Volvo Test in Sweden of XC40 and C40, two electric models with new engines and cotton seats – Corriere.it
Where are Renault Duster, Kwid and Oroch produced? Visiting the Renault Ayrton Senna Complex factory in Brazil | French.pl
RENAULT 4EVER TROPHY IN RENAULT COLOR 4 FROM 1962 – Suski.dlawas.info – news and information portal
Tip from Renault: Renault Bonus Certificate
Build full electricity from 2030
