The new company aims to be the world leader in the markets for internal combustion engines, transmissions and hybrids. This includes the hydrogen engine.

Following on from Ampère, a company dedicated to electric cars and software, comes HORSE Powertrain. Following the agreements signed in July 2023 by Renault Group and Geely, and the approval of the competent authorities, the company officially sees the light of day as of today. The company is equally owned by the two manufacturers: each holding a 50% stake. Luca de Meo, Renault Group CEO declared: “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.”

Renault and Geely estimate that over half of the vehicles produced will still be powered by combustion engines by 2040. They argue that a combination of technologies is needed, including highly efficient internal combustion engines, low-carbon fuels and hydrogen. Combustion engines will be converted to low-carbon hybrids. But they will also require alternative fuels such as green methanol, ethanol and hydrogen.

Headed by Matias Giannini*, HORSE Powertrain will supply customers including Renault Group, Geely Auto, Volvo Cars, Proton, Nissan and Mitsubishi Motors.

*Former Executive Sales Director and member of the management team of Vitesco Technologies AG (headquartered in Regensburg, Germany).

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Article written by Laurent Meillaud and translated by Mariem Ben Tili