Horse Powertrain Limited is the result of the coming together of Renault and Geely’s subsidiaries, Horse and Aurobay, respectively.

Polestar Automotive is gearing up to shift its production unit for cars it plans to sell into Europe to its U.S. plant.

The Renault-Geely joint venture aims to rake in USD 16 billion in annual turnover and employ 19,000 people on 22 sites around the world.

Production of the Emeya is slated to commence in 2024 at a factory located in Wuhan, China.

This move comes as Zeekr aims to replicate its successful USD 13 billion valuation achieved in a private USD 750 million funding round.