The Saudi oil giant Aramco has taken a 10% stake in the thermal engine joint venture created by Renault and the Chinese manufacturer Geely called “Horse”.

Horse was officially launched on May 31 and will design, produce and sell motors, transmissions or batteries for internal combustion and hybrid cars, which still represent almost all sales outside Europe and China. She also intends to focus on alternative fuels such as green methanol, ethanol and hydrogen. According to a statement, “Aramco's investment will support the growth of Horse Powertrain Limited and contribute to the development of a competitive powertrain and synthetic fuel offering.” According to the companies, the agreements also include collaboration agreements for Aramco and Valvoline on technologies, fuels and lubricants to collectively improve Horse's performance