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  3. Aramco Signs Letter Of Intent To Join Geely And Renault

Aramco Signs Letter Of Intent To Join Geely And Renault

21 Mar 2023

Saudi Arabian Oil Company (Aramco), the world's largest oil producer, has signed a letter of intent to join Geely and Renault's powertrain company. The announcement was made on February 24, 2023, by Geely and Renault, and it marks a significant step towards developing cleaner and more sustainable powertrains.

Advanced Powertrain Company

 Advanced Powertrain Company

Geely, a Chinese multinational automotive company, and Renault, a French multinational automobile manufacturer, established a joint venture in 2020 to develop and produce next-generation powertrains. The joint venture, called Advanced Powertrain Company (APC), is focused on creating sustainable and efficient powertrain solutions for hybrid and electric vehicles.

Aramco's decision to join APC demonstrates the company's commitment to investing in new technologies and diversifying its business portfolio. As the world transitions towards cleaner and more sustainable energy sources, Aramco recognizes the importance of adapting and evolving its business model to remain competitive.

However, Aramco has not yet specified what stake it will take in the APC joint venture. Still, the company's expertise and resources in the energy sector could significantly contribute to APC's development and production of more efficient and sustainable powertrains.

Renault and Geely's APC joint venture aims to combine the strengths of both companies to develop powertrains that are more efficient, lighter, and more compact. The companies plan to use advanced technologies such as electrification, hybridization, and fuel cells to reduce CO2 emissions and improve fuel economy.

The APC joint venture has already made significant progress in developing next-generation powertrains. In October 2022, the company unveiled its first prototype powertrain, which uses an innovative architecture that integrates the motor, gearbox, and power electronics into a single unit. The prototype powertrain is lighter, more compact, and more efficient than traditional powertrain systems.

Aramco's partnership with APC could potentially accelerate the development and production of sustainable powertrains, allowing the company to keep up with changing industry trends and consumer preferences. The joint venture also aligns with Saudi Arabia's Vision 2030, which aims to reduce the country's dependence on oil and develop new industries and technologies.

In conclusion, Aramco's decision to join Geely and Renault's APC joint venture is a significant milestone in the development of more sustainable and efficient powertrains. By leveraging Aramco's expertise and resources in the energy sector, the APC joint venture could potentially accelerate the development of innovative powertrain solutions and contribute to a more sustainable future for the automotive industry.

Wael Nakhle

BY Wael Nakhle

Wael is an automotive content writer specializes in creating written content for Motor 283. Producing a wide range of content, including blog posts, articles, product descriptions, reviews, and technical guides related to cars, trucks, motorcycles, and other vehicles, with an unprecedented passion for cars, and motorcycles.

Al-Futtaim Toyota unveils new GR86 coupe at Dubai Autodrome

23 Apr 2024
Al-Futtaim Toyota unveils new GR86 coupe at Dubai Autodrome

Toyota GR owners in the United Arab Emirates were amongst the first in the country to be treated to a surprise unveiling of the new Toyota GR86 Coupe. Guests attending the Suhoor on the Track event hosted by Al-Futtaim Toyota for GR owners at the Dubai Autodrome enjoyed the exclusive reveal whilst enjoying an evening of fine food and driving thrills on Dubai’s world-renowned racing circuit.

With the launch of the new Toyota GR86, sports car enthusiasts in the United Arab Emirates can look forward to an exciting, yet accessible addition to Al-Futtaim Toyota’s GR (GAZOO RACING) collection with the launch of the new Toyota GR86. The sleek and stylish coupe provides an entry point to Toyota’s high-performance GR range, bringing the rewards of sports-focused handling and performance to a wider audience.


23 Apr 2024

Sporty at heart, compact in size and Italian style at first sight. The wait is over. Alfa Romeo presents the new ALFA ROMEO JUNIOR to the international press in Milan, at the historic headquarters of the Automobile Club Milano, with a dual purpose: on the one hand, to demonstrate Alfa Romeo’s new language; on the other, to confirm that visceral and proud partnership with the city where Alfa Romeo was founded in 1910 as an emblem of the perfect balance between innovation and tradition, founding characteristics that bind the brand to its hometown.

Orders are now open for ALFA ROMEO JUNIOR in the “SPECIALE” launch version, the new gateway to the Alfa Romeo world for everyone, Alfisti fans and beyond, who has been awaiting the brand's return to the segment. To play a leading role, Alfa Romeo offers the sportiest and most exciting compact car to drive in the entire class, being just over 4 metres long.

In a segment populated by sporty versions derived from generalist models, ALFA ROMEO JUNIOR is proposed as cool and unique, combining a captivating style with the most advanced technology in terms of connectivity, driving dynamics and uncompromising comfort, as evidenced by the largest trunk among premium competitors (400 L).

ALFA ROMEO JUNIOR is available in “IBRIDA” configuration, the first in the segment to also offer the Q4 all-wheel drive variant with automated rear-wheel drive axle management, and as “ELETTRICA,” in two power variants with 156 hp and a range of up to 410 km, as well as the sportier 240-hp VELOCE, the epitome of Alfa Romeo's sporting DNA.

The 805-HP AMG GT63 S E Performance: A New Standard in Mercedes-AMG Supercars

22 Apr 2024
The 805-HP AMG GT63 S E Performance: A New Standard in Mercedes-AMG Supercars

Mercedes-AMG has unleashed its latest creation, and it's nothing short of breathtaking. The GT63 S E Performance stands as a testament to engineering prowess and a bold step forward in hybrid performance vehicles. Packed with an astonishing 805 horsepower and jaw-dropping acceleration figures, this coupe redefines what it means to combine electrification with raw power.