Horse Powertrain
| Company type | Joint venture |
|---|---|
| Industry | Automotive manufacturing |
| Founded | May 2024 |
| Headquarters | London , United Kingdom |
Area served | Global |
| Products | Internal combustion engines, hybrid powertrains |
Number of employees | 18000 |
| Parent | Renault, Geely |
Horse Powertrain Limited is a joint venture holding company specializing in the manufacturing of powertrains, encompassing both internal combustion engines (ICE) and hybrid systems. Founded in May 2024, the enterprise is co-owned equally by Renault and Geely (including Geely Holding and Geely Auto) and has its headquarters located in London, United Kingdom.
This holding comprises two principal subsidiaries: Aurobay, formerly a Geely powertrain firm operating across Sweden and China with a workforce of 9,000, and Horse, previously Renault’s powertrain division, which also employs 9,000 personnel.
History
The initiative was first revealed in November 2022 under the names Horse project by Renault and Rubik project by Geely. The joint venture’s objective is to provide powertrains initially for Renault and Geely vehicles, followed by brands such as Dacia, Volvo, Lynk & Co, Proton, along with Nissan and Mitsubishi Motors. Plans also include supplying external customers.
In July 2023, Renault separated its ICE and hybrid powertrain business into a new subsidiary based in Madrid called Horse. Concurrently, Geely intended to consolidate its Swedish powertrain unit (Aurobay) and Chinese operations with Horse under the joint holding structure. Both entities consented to contribute their intellectual property related to ICE and hybrid systems to this venture. Initially, the headquarters were planned for Madrid (Renault) and Hangzhou (Geely), but regulatory clearances postponed the official launch until May 2024.
On December 3, 2024, Saudi Aramco purchased a 10% share in Horse Powertrain, gaining representation on the board of directors.
Uses
The Horse HR13 engine has been selected for deployment in the Caterham Academy racing series, enhancing the company’s involvement in competitive motorsport arenas.