Renault-Geely’s Horse Powertrain Ramps Up Engine Business as EV Growth Slows
Renault and Geely’s joint venture, Horse Powertrain, is gaining traction as the shift to electric vehicles (EVs) hits bumps. The company now produces over 8 million engines and transmissions annually, serving automakers like Renault, Mercedes, and Volvo. Horse plans to reach €15 billion in yearly revenue by 2029, an 80% jump from 2024. Their goal…