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GELYY Geely Automobile Holding Ltd (PK)

36.40
0.36 (1.00%)
Last Updated: 14:49:50
Delayed by 15 minutes
Name Symbol Market Type
Geely Automobile Holding Ltd (PK) USOTC:GELYY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.36 1.00% 36.40 36.41 38.11 36.40 36.40 36.40 709 14:49:50

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

02/03/2023 5:27am

Dow Jones News


Geely Automobile (PK) (USOTC:GELYY)
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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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