Aramco signs letter of intent with Geely and Renault Group for new powertrain company to focus on lower emission technologies ...Saudi Arabia

Aramco has signed a letter of intent to become a potential minority stakeholder in a new powertrain technology company (PWT), to be established by Geely Holding Group (Geely Holding), Geely Automobile Holdings Limited (Geely Auto HK.0175) — collectively referred to as "Geely" — and Renault Group. (...)

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