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Geely and Renault Group to create global powertrain company for advanced hybrid and efficient ICE powertrains

Green Car Congress

Geely Holding Group, Geely Automobile Holdings Limited (collectively “Geely”) and Renault Group have signed a non-binding framework agreement to create a new global leader to develop, manufacture and supply best-in-class hybrid powertrains and highly efficient ICE powertrains. —Luca de Meo, CEO Renault Group.

Global 186
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Volvo Car Group exceeds 600,000 vehicles sold on the CMA platform

Green Car Congress

Volvo Car Group, including its strategic affiliates Lynk & Co and Polestar, produce vehicles based on the Compact Modular Architecture (CMA) platform, introduced in 2017. To the end of July more than 600,000 group vehicles based on the platform have been sold. Since the CMA-based XC40 was introduced in 2017, 302,856 units have sold.

Volvo 410
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Aramco signs LOI with Geely and Renault Group for new powertrain company to focus on lower emission technologies

Green Car Congress

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 Automobile Holdings Limited—collectively referred to as “Geely”—and Renault Group. —Mohammed Y.

Companies 170
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Rheinmetall books order for more than 500,000 hybrid vehicle engine blocks from SAIC

Green Car Congress

The Materials and Trade division of the tech enterprise Rheinmetall has booked a new order to produce engine blocks for a hybrid vehicle. The customer is Shanghai Automotive Industry Corporation (SAIC), China’s largest maker of automobiles, motorcycles and car parts. HASCO), a subsidiary of China’s SAIC group.

Engine 225
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Renault Group and Geely sign JV agreement to launch powertrain technology company; hybrids and ICE

Green Car Congress

The new company will include 17 engine plants and 5 R&D centers in 3 continents with 19,000 employees in a full-fledge effective organization strategically structured to provide powertrain solutions for multiple OEMs.

Hybrid 150
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R?sselsheim Engineering Center developing next four-cylinder gasoline engine generation for Groupe PSA; optimized for hybrids

Green Car Congress

The Rüsselsheim Engineering Center will take on the global responsibility for the development of the next-generation of high-efficiency gasoline engines for all Groupe PSA brands (Peugeot, Citroën, DS Automobiles, Opel and Vauxhall). —Opel’s Managing Director Engineering, Christian Müller.

Engine 186
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Fiat Chrysler Automobiles joining BMW Group, Intel and Mobileye in developing global autonomous driving platform; Level 4/5 by 2021

Green Car Congress

BMW Group, Intel and Mobileye signed a memorandum of understanding with the intention for Fiat Chrysler Automobiles (FCA) to be the first automaker to join them in developing a world-leading, state-of-the-art autonomous driving platform for global deployment. Earlier post.)

Chrysler 150