London HQ for new ICE and hybrid powertrain venture from Geely and Renault

Renault Group and Geely have officially launched a joint venture business, HORSE Powertrain, headquartered in London, which will focus on future generations of hybrid systems, internal combustion engines, transmissions and battery solutions.

It wants to pave the way for ultra-low emission hybrid and combustion technologies.

Although the UK and Europe have aims for widespread adoption of zero carbon emission cars, typically purely electric-powered, electrification of some countries around the world will be harder and both Renault Group and Geely expect demand for efficient combustion engines to continue for many years. They said more than half of vehicles produced for global demand are expected to still rely on combustion engines by 2040.