Saudi Aramco signed a letter of intent to potentially acquire a minority stake in Renault SA and Zhejiang Geely Holding Group Co.’s planned combustion-engine venture as the oil behemoth seeks to expand into transport technologies. French carmaker Renault and China-based Geely would retain equal equity stakes in the new project, …
Read More »Saudi Arabia’s oil and gas giant Saudi Aramco could take a stake in French automaker Renault’s future thermal engine business after it separates it from its electric vehicle division. According to a Reuters report on Tuesday, China’s Geely Automobile Holdings and an oil group are in talks over taking stakes …
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Car manufacturing group and pioneer in the European EV market, Renault Group, and Australian-German geothermal lithium developer Vulcan Energy Resources, announce having signed a lithium offtake term sheet. This agreement is for an initial five-year term which can be extended if mutually agreed, with a start of commercial delivery set …
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Some 50 French firms will take part in a Franco-Iranian economic forum.
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The Yooz quadricycle was designed and developed by engineers at Parax Company.
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Sales rose 13.3 percent last year and vehicles sold in 2016 topped 3.18 million vehicles - a sales record.
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The two parties are furthering the working partnership started in 2006.
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