Source: REUTERS/Marco Bello
[Saba Sports News] The Renault Group has officially announced the establishment of a joint venture powertrain technology company, HORSE Powertrain, with Chinese car company Geely, with both parties holding 50% of the shares. This news gained immediate attention after its announcement, as the future technology is expected to be utilized in F1 racing cars. The new company will lead industry development and provide global partners with a comprehensive range of advanced powertrain technology products, including hybrid systems, fuel power systems, gearboxes, and battery solutions. Based in London, UK, the company will employ state-of-the-art technology to design, develop, produce, and sell leading hybrid and fuel powertrain components and systems. This development is promising for the Alpine team, as the Renault Group will provide cutting-edge systems for their future use, suggesting a positive outlook for the team.