Tag: Geely

German FAZ: Spaetzle with bamboo shoots008300

German quality workmanship, made in China. It is quite unlikely that Mercedes-Benz will engrave the designation of origin on the cylinder heads of the new four-cylinder engines when they debut in the CLA next year. In the future, the small combustion engines will be built by the Chinese partner Geely, whose founder is also a… Continue reading German FAZ: Spaetzle with bamboo shoots008300

Aramco schließt Erwerb von 10 % der Anteile an Horse Powertrain Limited ab

Nach der Unterzeichnung der endgültigen Vereinbarungen am 28. Juni 2024 hat Aramco den Erwerb eines 10%igen Anteils an Horse Powertrain Limited („Horse Powertrain”) abgeschlossen – basierend auf einem Unternehmenswert von 7,4 Milliarden Euro. Die Renault-Gruppe und Geely (über Geely Holding und Geely Auto) halten jeweils einen Anteil von 45 % an Horse Powertrain. Die Investition festigt eine wichtige strategische… Continue reading Aramco schließt Erwerb von 10 % der Anteile an Horse Powertrain Limited ab

Aramco acquires 10% stake in Horse Powertrain to advance low-emission mobility solutions

The investment will accelerate Horse Powertrain’s development of next-generation ICE and hybrid powertrains. Aramco, through its subsidiary Aramco Asia Singapore, has finalized a 10% stake acquisition in Horse Powertrain, a leading powertrain solutions provider. This investment, valued at €7.4 billion, aims to advance lower-emission mobility solutions. The deal, completed on an undisclosed date after securing… Continue reading Aramco acquires 10% stake in Horse Powertrain to advance low-emission mobility solutions

Aramco acquires 10% equity in Horse Powertrain

Aramco, one of the world’s leading integrated energy and chemicals companies, through a wholly owned subsidiary, Aramco Asia Singapore, has completed the purchase of a 10% equity stake in Horse Powertrain, a global leader in hybrid and internal combustion powertrain solutions. The transaction builds on Aramco’s efforts to develop new mobility solutions with the potential… Continue reading Aramco acquires 10% equity in Horse Powertrain

Clean Technica: Europe EV Sales Report — In October, 24% of European Auto Sales Had a Plug003737

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! Great month for Volkswagen Group Some 252,000 plugin vehicles were registered in Europe in October, rising 2% year over year (YoY), which represents the EV market’s second month of growth since April. Interestingly, BEVs are the ones pushing the… Continue reading Clean Technica: Europe EV Sales Report — In October, 24% of European Auto Sales Had a Plug003737

VE Commercial Vehicles posts 7.3% growth in November sales

VE Commercial Vehicles Ltd. (VECV), a joint venture between Volvo Group and Eicher Motors, reported a 7.3% year-on-year growth in sales in November. The company sold 5,574 units during the month, compared to 5,194 units in November 2023, supported by robust performance across its Eicher and Volvo product lines. The Eicher brand, which forms the… Continue reading VE Commercial Vehicles posts 7.3% growth in November sales

Norway breaks another EV record, nearly completing its EV transition

Photo by Maryan Ivasyk on Unsplash More good news from EV mecca Norway, with November numbers showing more than 10,000 EVs were newly registered, bringing its tally to a truly impressive 93.6% of all new car registrations, showing that its EV transition is almost complete. November saw 10,940 new EV registrations, with EVs pretty much… Continue reading Norway breaks another EV record, nearly completing its EV transition

Chinese automakers BYD, Leapmotor and Xiaomi smash annual delivery targets ahead of schedule

BYD Song L electric cars at the 21st Changchun International Automobile Expo in Changchun, Jilin province, China, on July 17, 2024. Nurphoto | Nurphoto | Getty Images SINGAPORE — Chinese automakers BYD, Leapmotor, and Xiaomi have raced past their annual delivery targets a month ahead of schedule, underscoring their rapid growth and strong market demand… Continue reading Chinese automakers BYD, Leapmotor and Xiaomi smash annual delivery targets ahead of schedule

Aramco completes acquisition of 10% stake in Horse Powertrain Limited

Following the signing of definitive agreements on June 28, 2024, Aramco has completed its acquisition of a 10% equity stake in Horse Powertrain Limited (“Horse Powertrain”), based on an enterprise value of €7.4 billion Renault Group and Geely (through Geely Holding and Geely Auto) each retain a 45% equity stake in Horse Powertrain The investment solidifies a… Continue reading Aramco completes acquisition of 10% stake in Horse Powertrain Limited