GELYY Geely Automobile Holding Ltd (PK)

-- French automobile maker Renault S.A. and China's Geely Automobile Holdings Ltd. are looking to bring in Saudi Arabian state oil producer Aramco as an investor into an engine venture, Reuters reports, quoting people familiar with the matter.

-- The venture involves the development and supply of gasoline engines and hybrid technologies, reports Reuters.

-- All three companies are working to complete a letter of intent in the coming weeks, according to one of the sources familiar with the matter, Reuters reports.

Full story: https://reut.rs/3HavsaD

Write to Justina Lee at justina.lee@wsj.com

(END) Dow Jones Newswires

January 17, 2023 00:47 ET (05:47 GMT)

Geely Automobile (PK) (USOTC:GELYY)
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