Horse Powertrain Negotiates Partnerships with Leading Automotive Manufacturers
Global manufacturer explores collaborations to enhance operations and expand its presence in the automotive industry.
Horse Powertrain, a prominent global manufacturer specializing in combustion engines, is in active discussions with major automotive companies to establish partnerships aimed at expanding its operations and fostering collaboration.
According to Matias Giannini, the CEO of Horse Powertrain, the company is currently engaging with all major car manufacturers regarding potential cooperation that transcends mere engine supply.
Giannini emphasized that the company is open to various forms of collaboration, tailored to meet the specific needs of individual manufacturers.
Negotiations may encompass optimizing production capacities and integrating product portfolios, potentially phasing out certain engine models while introducing new ones.
The company has integrated former motor manufacturing plants from established automotive brands such as Renault and Volvo, in addition to its parent company, the Chinese automotive giant Geely.
Horse Powertrain operates a total of 17 facilities across three continents, supported by five development centers, and employs approximately 19,000 individuals.
It is noted for supplying engines to major automaker Mercedes-Benz.
The ownership structure of Horse Powertrain includes a significant involvement from Renault and Geely, each holding a 45% share, while the remaining 10% is owned by the Saudi Arabian state oil company Aramco.
As part of its strategic growth initiatives, Giannini aims to penetrate the U.S. market, which is regarded as one of the largest automotive markets globally.
He forecasts that combustion engine vehicles will constitute approximately 70% to 80% of the market share in the United States by 2030, anticipating a sustained retention of over 50% share in the long term.
Despite Horse Powertrain's current absence of a manufacturing presence in the U.S., Giannini indicated that the company is involved in substantive discussions with multiple North American automakers.
However, he did not disclose specific details, citing that it is too early to provide further information on the partnerships under consideration.
According to Matias Giannini, the CEO of Horse Powertrain, the company is currently engaging with all major car manufacturers regarding potential cooperation that transcends mere engine supply.
Giannini emphasized that the company is open to various forms of collaboration, tailored to meet the specific needs of individual manufacturers.
Negotiations may encompass optimizing production capacities and integrating product portfolios, potentially phasing out certain engine models while introducing new ones.
The company has integrated former motor manufacturing plants from established automotive brands such as Renault and Volvo, in addition to its parent company, the Chinese automotive giant Geely.
Horse Powertrain operates a total of 17 facilities across three continents, supported by five development centers, and employs approximately 19,000 individuals.
It is noted for supplying engines to major automaker Mercedes-Benz.
The ownership structure of Horse Powertrain includes a significant involvement from Renault and Geely, each holding a 45% share, while the remaining 10% is owned by the Saudi Arabian state oil company Aramco.
As part of its strategic growth initiatives, Giannini aims to penetrate the U.S. market, which is regarded as one of the largest automotive markets globally.
He forecasts that combustion engine vehicles will constitute approximately 70% to 80% of the market share in the United States by 2030, anticipating a sustained retention of over 50% share in the long term.
Despite Horse Powertrain's current absence of a manufacturing presence in the U.S., Giannini indicated that the company is involved in substantive discussions with multiple North American automakers.
However, he did not disclose specific details, citing that it is too early to provide further information on the partnerships under consideration.
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