Tag: Geely

Oil major Aramco to invest in Renault-Geely’s internal combustion powertrain company

Oil major Aramco to invest in Renault-Geely’s internal combustion powertrain company Global oil major Saudi Aramco has signed a letter of intent to become a potential minority stakeholder in a new powertrain technology company (PWT), to be established by Geely and the Renault Group. The new company will be dedicated to internal combustion and hybrid powertrain… Continue reading Oil major Aramco to invest in Renault-Geely’s internal combustion powertrain company

Cleantechnica: Sweden’s Plugins Continue To Grow Despite Economic Downturn 002623

In February, Sweden’s plugin electric vehicles continued to dominate with a 54.0% share of auto sales, up from 51.6% year on year. Full electric share grew substantially, whilst plugin hybrid share decreased. Overall auto volume was 18,442 units, down some 13% YoY. The Volvo XC40 was February’s best selling BEV yet again, holding the lead… Continue reading Cleantechnica: Sweden’s Plugins Continue To Grow Despite Economic Downturn 002623

Chinese companies promoting electric vehicles in Panama

Customers inspect a BYD Seal sedan in a salesroom in Shanghai in December. [Photo/China Daily] PANAMA CITY – Chinese manufacturers and exporters of electric vehicles, including motorbikes, bicycles and even scooters, have made a strong showing at the 2023 Panama E-Mobility Expo, underscoring their interest in promoting electric vehicles here. Designed to spur the sector’s… Continue reading Chinese companies promoting electric vehicles in Panama

German Manager Magazin: Aramco: Saudi oil multinational joins Renault and Geely engine company002345

The oil multinational Saudi Aramco is investing in a new engine joint venture of the French carmaker Renault and the Chinese manufacturer Geely. The shares of Renault and Geely are equal in each case, Aramco will receive a minority share, the companies announced on Thursday. Manager magazin had already reported in October last year on… Continue reading German Manager Magazin: Aramco: Saudi oil multinational joins Renault and Geely engine company002345

EV maker Polestar’s Q4 loss narrows, won’t engage in price wars

Demand for electric cars has weakened for U.S. EV startups Rivian and Lucid, with both carmakers forecasting 2023 production well below analyst estimates. By Marie Mannes Electric vehicle (EV) maker Polestar on Thursday posted a smaller quarterly loss, maintained its 2023 production outlook and said it would not engage in price wars while weakening demand… Continue reading EV maker Polestar’s Q4 loss narrows, won’t engage in price wars

Renault, Geely ink deal with Saudi Aramco for engine venture

(Reuters) — Oil giant Saudi Aramco has agreed to take a minority stake in a new powertrain engine company that French carmaker Renault and China’s Geely Automobile Holdings plan to set up jointly, they said on Thursday. Reuters reported in January that Aramco has been involved in advanced discussions to take a stake of up… Continue reading Renault, Geely ink deal with Saudi Aramco for engine venture

RENAULT GROUP: Aramco signs letter of intent with Geely and Renault Group for new powertrain company to focus on lower emission technologies

Joint Press Release Aramco signs letter of intent with Geely and Renault Group for new powertrain company to focus on lower emission technologies Planned Aramco investment would support development of synthetic fuel solutions, and next-gen hydrogen technologies New company aims to have an annual production capability of more than five million internal combustion, hybrid and… Continue reading RENAULT GROUP: Aramco signs letter of intent with Geely and Renault Group for new powertrain company to focus on lower emission technologies

RENAULT GROUP : Aramco signe une lettre d’intention avec Geely et Renault Group pour rejoindre la nouvelle entreprise de groupes motopropulseurs à faibles émissions

Communiqué de presse conjoint Aramco signe une lettre d’intention avec Geely et Renault Group pour rejoindre la nouvelle entreprise de groupes motopropulseurs à faibles émissions L’investissement prévu d’Aramco viserait à soutenir le développement de solutions de carburants synthétiques et de technologies d’hydrogène de nouvelle génération. L’établissement de la nouvelle entreprise aura une capacité de production… Continue reading RENAULT GROUP : Aramco signe une lettre d’intention avec Geely et Renault Group pour rejoindre la nouvelle entreprise de groupes motopropulseurs à faibles émissions