Friday, April 19, 2024

New "car brand" will build 3 million internal combustion engines per year

Later this month, a long-awaited collaboration that will mean millions of new internal combustion engines will become a reality.

These are the last signatures that are missing. Formalities in other words. But then a new joint venture between French Renault and Chinese Geely can also get underway.

Gets started building internal combustion engines. The collaboration, which also has the Saudi oil company Aramco on the sidelines as investors, means that combustion engines will also be produced for the next several years.

Reuters writes that.

Brands such as Volvo, Proton, Nissan, Mitsubishi and Renault will benefit from the new engines. It is expected that "Horse", as the French part of the business is called, will eventually also build engines for other car brands.

READ ALSO: First in Denmark – now they are also dropping all hydrogen stations

– In 2040, cars with internal combustion engines will still account for more than half of sales in the automotive industry, said Patrice Haetell, head of the joint venture, last year.

In time, there will be 8 of the new Renault/Geely factories around the world. Among other things. in Spain, Portugal, Turkey, Romania, Brazil and Chile.

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