Saudi Aramco to take 10% stake in Renault-Geely combustion-engine JV

Aramco sign Arc 24 — (ARAMCO)

Sa

By:

Staff and wire reports

June 28, 2024 06:49 AM

Saudi Aramco will take a 10 percent stake in the Horse powertrain joint venture with Renault and China’s Zhejiang Geely Holding, the companies said, a smaller commitment than originally signaled by the world’s biggest oil company.

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