The company has two major subsidiaries, including Aurobay, a former Geely-owned powertrain company operating in Sweden and China with 9,000 employees, and Horse, a former Renault powertrain division with 9,000 employees. In total the company has 19,000 employees.[1]
History
The joint venture project was announced in November 2022 and codenamed Horse project by Renault and Rubik project by Geely.[2][3] The Renault Group and Geely namesake brands would be the first to receive the powertrains and they would later be supplied to Dacia, Volvo, Lynk & Co and Proton cars,[4] as well as Nissan and Mitsubishi Motors ones.[5] Sourcing to third parties is also part of the plan. According to CEO Matias Giannini, Horse is to fill technological and geographical gaps as automakers themselves focus on EVs, expecting over half of new vehicles sold by 2040 to still be equipped with an internal combustion engine.[6]
In July 2023, Renault announced it had spun off its ICE and hybrid powertrain operations into a Horse-named subsidiary based in Madrid, Spain. Geely was set to join later by integrating its Swedish powertrain division (Aurobay) and various Chinese operations and merging them both with Horse into a holding company owned by Renault and Geely, with Aramco a potential late investor.[7] Later that same month, the two companies signed a binding agreement for the creation of the venture holding, with Renault operations initially headquartered in Madrid and Geely's in Hangzhou. Both Geely and Renault were set to transfer their intellectual property for ICEs and hybrid systems to the venture holding. The venture holding was set to be established and start operations in the second half of 2023, pending regulatory clearances.[8] After various regulatory delays, the venture was officially established in late May 2024.[9]
On December 3, 2024, Aramco acquired 10% of Horse Powertrain. The Arab energy and chemical company will have a representative on the board of directors.
The H10 is 1-liter, 3-cylinder engine petrol/ethanol engine designed as a range extender engine, providing up to 70kW (94hp; 95PS) of continuous electric power.[10] It is also marketed as the Renault TCe 110 engine.[11]
S10
The S10 is a 1-liter, 3-cylinder engine designed for industrial applications. It outputs a maximum of 57kW (76hp; 77PS). The engine was developed in collaboration with Spanish UTV manufacturer Corvus.[10]
A 1.5-liter gasoline engine delivering up to 161hp (120kW; 163PS) and 188lb⋅ft (255N⋅m) of torque designed for hybrid powertrain applications.[14]
C15
The C15 engine is a 1.5 liter four-cylinder engine, designed for use as a range extender owing to its small footprint. It is designed to meet Euro 7, China 7 and SULEV20 emissions standards. The engine will be available in 70kW (94hp; 95PS) and a turbo-charged 120kW (161hp; 163PS) variant. The engine is compatible with gasoline, ethanol and methanol flex fuels.[13][15]
K15
The K15 is a 1.5-liter, 4-cylinder diesel engine producing a maximum of 65kW (87hp; 88PS) of continuous electrical power through its generator for range extender application.[10]
The HR18 is a 1.8-liter Atkinson-cycle internal combustion engine, designed for use in a hybrid powertrain. The engine delivers up to 80kW (107hp; 109PS) power and 172N⋅m (127lb⋅ft) of torque, weighing in at 100kg (220lb).[16] It is the first engine developed entirely by Horse Powertrain, and is used as part of a hybrid powertrain in the most powerful variant of the Dacia Bigster.[17]
The M20 is a 2-liter, 4-cylinder diesel engine producing up to 105kW (141hp; 143PS) of continuous electric power, designed for use as a range extender in agricultural and industrial EVs.[10] The company also introduced a hydrogen combustion variant of this engine.[1]
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