The transition to EVs is creating an opportunity that Saudi Aramco aims to capitalise on
Renault CEO Luca de Meo described the deal as creating a “dream team” that would “reinvent” the future of combustion-engine and hybrid technologies
The energy giant signed a letter of intent in March 2023 with a view to possibly becoming a minority shareholder in the JV
ZEEKR’s premium models will be available for test drives and bookings starting from March
Electric cars and plug-in hybrids are expected to make up 90 per cent of the world’s biggest auto market around the end of this decade
Aramco will be a minority stakeholder in the venture while Geely and Renault are expected to retain equal equity stakes