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RNO Renault SA

-0.525 (-1.37%)
Last Updated: 08:54:28
Delayed by 15 minutes

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Share Name Share Symbol Market Type
Renault SA EU:RNO Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.525 -1.37% 37.67 37.67 37.695 37.965 37.42 37.865 126,757 08:54:28

Aramco Signs Letter of Intent With Geely and Renault for Powertrain Company

02/03/2023 5:27am

Dow Jones News

Renault (EU:RNO)
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From Oct 2022 to Oct 2023

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By Justina Lee


Saudi Arabian Oil Co. has signed a letter of intent with Renault Group and Geely to acquire a minority stake in a new powertrain company that focuses on lower-emission technology.

The planned company will be a standalone global supplier with an annual production capability of more than five million internal combustion, hybrid and plug-in hybrid engines and transmissions, Renault said Thursday.

The investment from Aramco will support the development of synthetic-fuel solutions and next-generation hydrogen technology.


Write to Justina Lee at justina.lee@wsj.com


(END) Dow Jones Newswires

March 02, 2023 00:12 ET (05:12 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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