Saudi Aramco invests $7.4 billion in Horse Powertrain to develop green mobility solutions.

Saudi Aramco has acquired a 10% stake in Horse Powertrain, a leading company in hybrid and internal combustion engine solutions, through its subsidiary Aramco Asia Singapore. This €7.4 billion investment aligns with Aramco's goal to develop new mobility solutions and reduce transport emissions. The deal also involves collaboration on engine technology, fuels, and lubricants between Aramco, Valvoline, and Horse Powertrain.

December 02, 2024
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