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02 Mar
14:02

Aramco mulls investment in Geely-Renault powertrain JV

Carmakers Geely and Renault Group plan to welcome Saudi Arabian oil giant Aramco to a new powertrain technology company (PWT) dedicated to internal combustion and hybrid technologies. The companies announced on Thursday that Aramco signed a letter of intent to become a minority stakeholder in the JV. The undisclosed investment would support the growth of the company and contribute to key R&D around synthetic fuels solutions and next-generation hydrogen techno…
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