HORSE, new leading powertrain technology company is now fully operational and ready to reinvent combustion
WEBWIRE – Wednesday, July 5, 2023
- 1 July 2023 marked the effective creation of HORSE, a new leading company in the development, the production and the supply of next generation low-emission hybrid & thermal powertrains.
- HORSE brings together Renault Groups industrial know-how and assets in advanced hybrid and low-emission powertrains and comprises, from Day 1, 8 engine and transmission mechanical Manufactures and 3 R&D Centers.
- HORSE is headquartered in Madrid (Spain), with operations in 7 countries (Argentina, Brazil, Chile, Portugal, Romania, Spain and Trkiye).
ON 1 JULY 2023, HORSE HAS OFFICIALLY STARTED ITS ACTIVITIES IN THE AUTOMOTIVE MARKET. HORSE is inheriting from Renault Groups industrial know-how and assets in developing, producing and supplying next generation low-emission thermal & hybrid powertrains.
The new company headquartered in Madrid (Spain) comprises of 9,000 former Renault Group employees, working in 8 manufacturing sites with a production capacity of 3.2 million units per year. It also operates 3 R&D centers, with a global presence in 7 countries (Argentina, Brazil, Chile, Portugal, Romania, Spain and Trkiye).
AT LAUNCH, HORSE will be a standalone global supplier of propulsion system solutions, developing carbon free and low-emission technologies. The new company is expected to supply its current industrial customers including Renault, Dacia and also Nissan and Mitsubishi Motors Company. In the future, HORSE could also offer powertrain technologies to third-party car brands. In particular, it will offer a complete range of technologies across all components – engine, gearbox, hybridisation system (xHEV) and batteries – at the highest level. HORSE propulsion systems will eventually also be ready to integrate all types of existing or alternative and future energies (e-fuels, hydrogen, LPG, CNG, Ethanol.).
In 2040, combustion and hybrid vehicles willstill account for more than 50% of global sales. HORSE will lead the way on this market with its best-in-class low-emission solutions and technological expertise. It is a unique experience and a great source of collective pride to contribute to the creation of a company on this scale. All the HORSE teams around the world are ready to make it an international reference in terms of combustion engine and hybrid technologies.[i”[/i]
Patrice Haettel, CEO, HORSE
RENAULT GROUP & GEELY, AN INTERNATIONAL HOLDING, AWORLDWIDE LOW-EMISSION POWERTRAIN CHAMPION
CAR MANUFACTURERS GEELY AND RENAULT GROUP will create in the coming weeks, and as announced at the end of 2022, a new entity by combining their subsidiaries specialised in powertrain design and production (especially Aurobay and HORSE). Aramco, which signed a letter of intent with Renault Group and Geely on 2 March 2023, is evaluating a strategic investment in this new powertrain technology company. Aramcos investment would support the growth of the company, and contribute to key research and development across synthetic fuels solutions and next-gen hydrogen technologies.
The objective of the new company is to become the leader in the next generation of low-emission internal combustion and hybrid powertrains.
THE NEW JOINT-COMPANY will be in a position to supply powertrains to other vehicle manufacturers, and keen to include new partners and shareholders interested in working with it on low-emission engines.
Thanks to this project, the expected combined product portfolio of Geely and Renault Group and the geographic footprint of the new company will enable it to offer solutions for 80% of the global ICE (internal combustion engine) market. This growth is driven by geographic coverage with access to all markets in Europe, Latin & North America and China, and by product complementarity to offer car manufacturers complete low-emission solutions and systems as well as next generation hydrogen technologies.
HORSES AND GEELY AUROBAYS PLANT would have together the capacity to produce over 5 million transmission systems and powertrains a year. The new company will have a turnover of over 15 billion and will employ 19,000 people (out of which 9,000 from HORSE) and operate 22 sites worldwide, from Geely (Geelys and its subsidiary Aurobays sites in China and Sweden) and Renault Group / HORSE (R&D centers and production facilities in Portugal, Romania, Spain, Trkiye and South America). These bases will also allow the partners concurrently develop the next generation of fuels.
About Horse
AT A TIME WHEN THE MOBILITY SECTOR IS NAVIGATING SEVERAL DISRUPTIONS AT ONCE, AT HORSE WE BELIEVE THERE ARE NO ONE-SIZE-FITS-ALL ANSWERS FOR A FAIR TRANSITION TO SUSTAINABLE MOBILITY. HORSE IS ONE OF RENAULT GROUPS ANSWERS TO DECARBONISE MOBILITY WITH LOW-EMISSION INTERNAL COMBUSTION AND HYBRID SOLUTIONS. INHERITING DECADES OF INDUSTRIAL KNOW-HOW, HUMAN SKILLS AND TECHNOLOGICAL EXPERTISE FROM RENAULT GROUP, HORSE DEVELOPS, PRODUCES AND SUPPLIES HIGH-ENERGY-EFFICIENCY INTERNAL-COMBUSTION, FULL-HYBRID AND PLUG-IN HYBRID POWERTRAINS AND TOP-TIER TECHNOLOGIES (ENGINES, GEARBOXES, FULL-HYBRID AND PLUG-IN HYBRID SYSTEMS, AND BATTERIES). THE 9,000 PEOPLE WHO TOGETHER MAKE UP HORSE OPERATE IN 8 MANUFACTURING FACILITIES AND 3 RESEARCH & DEVELOPMENT CENTERS IN 7 COUNTRIES (ARGENTINA, IN CRDOBA ; BRAZIL IN CURITIBA ; CHILE IN LOS ANDES ; PORTUGAL IN AVEIRO ; ROMANIA IN BUCHAREST, MIOVENI AND TITU ; SPAIN IN MADRID, SEVILLE AND VALLADOLID AND TRKIYE IN BURSA IN PARTNERSHIP WITH OYAK). MORE ABOUT HORSE AT HORSE.CARS #REINVENTINGCOMBUSTION
About Renault Group
Renault Group is at the forefront of a mobility that is reinventing itself. Strengthened by its alliance with Nissan and Mitsubishi Motors, and its unique expertise in electrification, Renault Group comprises 4 complementary brands – Renault, Dacia, Alpine and Mobilize – offering sustainable and innovative mobility solutions to its customers. Established in more than 130 countries, the Group has sold 2.1 million vehicles in 2022. It employs nearly 106,000 people who embody its Purpose every day, so that mobility brings people closer.
Ready to pursue challenges both on the road and in competition, Renault Group is committed to an ambitious transformation that will generate value. This is centred on the development of new technologies and services, and a new range of even more competitive, balanced, and electrified vehicles. In line with environmental challenges, the Groups ambition is to achieve carbon neutrality in Europe by 2040.
More information www.media.renaultgroup.com
San Francisco’s Leading Arts-Integrated Pre-School Celebrates Four Decades with Ruby Gala Alumni Party Saturday 5/6/23 at Mission Rock Resort SAN FRANCISCO – May 4, 2023 – PRLog — Russian Hill School, a San Francisco-based 501(c)(3) nonprofit organization, celebrates 40 years of arts-integrated early childhood education, on Saturday, May 6, 2023. This event is to celebrate 40 years serving San Francisco with our beloved alumni community. Serving San Francisco since 1981, Russian Hill School addresses the social, emotional, and educational needs of children through an innovative arts and project-based curriculum. The gala celebrates the school’s years of holistic child and family development, fostering creativity and community, and building a well-rounded love of learning. “It’s impossible to truly appreciate everything that makes Russian Hill so special when your child is at the school,” shares RHS parent, Rickie Milmoe. “It is only after he or she graduates and goes on to other wonderful schools that you realize the quality of the small classroom instruction, the individualized approach to teaching each and every one of our children, the unmatched quality of the artwork they bring home, and the social skills gained in the mixed-age classroom.” The Ruby Anniversary Gala will take place on Saturday, May 6, 2023 at Mission Rock Resort, starting at 6:00 PM. The event features an art show retrospective. Participants are requested to secure their tickets online athttps://rhs.ejoinme.org/ “At RHS we are passionate about early years learning and supporting families from day one. It is a true joy to help foster lifelong friendships and community connections within our great city,” said Kate Threlfall PhD, RHS parent and Co-Director. When Teacher Bonnie founded RHS over 40 years ago it was second nature as a trained educator and fine artist to blend the two. Four decades later the research has caught up and we know that integrating the arts with academics through a project based approach creates an artful, joyous, and play filled preschool experience that enhances learning, self esteem, and self efficacy. It is truly exciting to witness student growth and foundational social and emotional learning in these early years; there is so much of it to behold. We are thrilled to see the dream of expanding RHS programming come to fruition so that we can support diverse family systems from the very beginning, the transition to parenthood.” About Russian Hill School: Russian Hill School was founded in 1981 by artsBM educator Bonnie McFadden, MA. Working with a team of esteemed teachers through the years, she developed an innovative arts-integrated curriculum, using extended-learning projects to teach pre-kindergarten academics in reading and math readiness skills. This unique school delivers an environment where kids engage their imagination, foster their creativity and build a well-rounded love of learning. Media Contact: Christine Regan www.russianhillschool.org KabeElla, a cosmetic brand with fermented coffee green beans as their main ingredients, goes global with a unique ampoule that reduces wrinkles in just 21 days of use Seoul, Korea, 28th April 2023, ZEX PR WIRE, KabeElla, is excited to unveil its world’s very first one of kind cosmetics to consumers throughout the world. KabeElla’s self-developed local product lines encourage inner beauty via coffee green beans, and they are dedicated to bringing back each user’s skin to its younger self by including deeply extracted selective ingredients that are beneficial to the skin. KabeElla is making waves in the cosmetics market because of its use of fermented coffee green beans. KabeElla’s unique fermentation technique was achieved by nurturing 100% natural coffee green beans for 504 hours in 21 days. The fermentation process results in bringing beneficial effects like anti-oxidation, anti-aging capacity, and Revitalization of the skin. KabeElla offers a diverse range of products including toner, serum, and cleansing tissues, but one that stands out the most is KabeElla Green Bean Miracle Ampoule. KabeElla Green Bean Miracle Ample uses encapsulation format technology so that beneficial ingredients are entirely absorbed by the skin. And provides its extraordinary antioxidant effect due to 21 days and 504 hours of fermentation. Green Bean Miracle Ample also offers active ingredients like 7-layer hyaluronic acid, acetyl hexapeptide, ceramide, amino acid complex, and centella asiatica extract. 7-layer hyaluronic densely moisturize the skin to keep it moist throughout the day, acetyl hexapeptide improves wrinkle & skin’s firmness and ceramide along with amino acid complex and centella asiatica extract nourishes and soothes the skin The main benefit of KabeElla Green Bean Miracle Ampoule is anti-aging. The key to the anti-aging effect is to improve the elasticity and hydration of the skin from both internally and externally. Because of its main ingredients like coffee green beans ferment (Green Coffee Bean™) and acetyl hexapeptide, KabeElla Green Bean Miracle Ampoule was able to improve the appearance of wrinkles on both(internal & external) sides upon just only 21 days of use, and keep the skin moisturized for a whole day. One of the unique qualities of the KabeElla Green Bean Miracle Ample is that this product is very handy and hygienic due to its individual stick packaging. Most of the Ampoule products are made in the form of an eyedropper container, therefore it is inevitable air exposure for each usage. KabeElla Green Bean Miracle Ample not only offers full protection from air exposure but facilitates hygienic carrying by packaging their ampoule individually into a single serving stick form. About KabeElla Kabeela is a combination of the Turkish word for coffee, Kabe, and the Spanish word for her, Ella. As their brand name represents, KabeElla harvests green energy from carefully nurtured coffee green beans and creates a miracle by bringing back healthy and younger-looking skin. For additional information and business inquiries, please contact: http://www.naisbeauty.com/ EC Healthcare (the “Company”, together with its subsidiaries, the “Group”, SEHK stock code: 2138), the largest non-hospital medical group in Hong Kong*, announced with pleasure that the transaction involving Excellent Connect Limited, a distributor of aesthetic medical devices and consumables, as previously announced on 7 February 2023 has been completed. After the completion, Excellent Connect Limited will become the leading driver of the venture capital platform (the “Venture Capital Platform”), and the Seller, Mr. Chung Wai Ting, will become the strategic shareholder of this platform. The Venture Capital Platform aims to unite the influence of the market stakeholders in establishing an industry fund to develop the Southeast Asian and Asian markets, with a view to lead the integration of the upstream industry in the Asia-Pacific region. Through this transaction, Mr. Chung Wai Ting, the seller, injected his wholly-owned Excellent Connect Limited into the Venture Capital Platform and Mr. Chung has also become the strategic shareholder of this platform. Through the superior resources, it empowers the long-term development of the platform. The Venture Capital Platform will consolidate the market, from the aesthetic medical high energy-based devices and injectables as a stepping stone and further explore opportunities in the eight segments, including 1) Specialty equipment and medicine treatment; 2) Laboratory equipment and consumables; 3) Medical imaging devices; 4) Dental medications and equipment; 5) Skincare, cosmetics, and health supplements; 6) Rehabilitation and home care equipment; 7) Veterinary clinic equipment and medicines and 8) Home-use Aesthetic Medical Devices. The Group aims to build the Venture Capital Platform as an Asia-leading professional intelligent medical platform by maximizing the value of upstream and downstream industry integration. Mr. Chung Wai Ting, Director of Excellent Connect Limited said, “We’ve been investing in the medical aesthetic industry for over 20 years and introducing various high-energy-based devices to the market. Aesthetic medical devices introduced by us are all equipped with cutting-edge technology and can provide visible results with safety. As a product sourcing expert and distributor, we connect upstream manufacturers and downstream service providers. As the pioneer of the Venture Capital Platform, I wish to unite more talents with a shared vision to join this platform as strategic shareholders and become an influential industry fund. Together with the partners, the platform is expected to enhance the industry’s professionalism. The Venture Capital Fund holds a vision to become Asia-leading and a comprehensive distribution platform covering all medical and aesthetic medical device categories that enables technology to be accessible to everyone.” EC Healthcare, “EC Healthcare is committed to expanding strategic partnerships and to further diversifying the healthcare ecosystem. The Group believes the investment in the Venture Capital Platform led by Mr. Chung enables the Group to achieve leverage and vertical integration of the industry value chain. With professional knowledge from Mr. Chung, the Group can provide streamlined product trainings and improve the leading voice on technology development. As a strategic investor, the Group wishes to unite more downstream shareholders with a shared vision and achieve mutual empowerment between product development and customer and promote leading position in the Asia. Looking forward, the Group hope to bring a brighter future to the industry as a leading market consolidator, exploring opportunities in the Asia and strive to be an Asia-leading healthcare services provider.” About EC Healthcare The Group principally engages in the provision of one-stop medical and health care services in Greater China. The Group provides a full range of services and products under its well-known brands, including those of its one-stop aesthetic medical solutions provider DR REBORN which has ranked first in Hong Kong by sales for years, a professional hair care center HAIR FOREST, primary care clinics jointly established with health management centre re:HEALTH, a vaccine centre Hong Kong Professional Vaccine HKPV, General outpatient clinic Tencent Doctorwork, the largest one-stop pain management centre in Hong Kong New York Medical Group, the comprehensive dental centres Bayley & Jackson Dental Surgeons, EC DENTAL CARE and Health and Care Dental Clinic, an advanced diagnostic and imaging centre HKAI, an oncology treatment centre reVIVE, a day procedure centre HKMED, a specialty clinic PREMIER MEDICAL CENTRE, SPECIALISTS CENTRAL and NEW MEDICAL CENTER, a paediatric centre PRIME CARE, a gynaecology specialist ZENITH MEDICAL CENTER AND PRENATAL DIAGNOSIS CENTRE, PathLab Medical Laboratories, Ophthalmology Center VIVID EYE and EC Veterinary Hospital and Imaging Center. *According to independent research conducted by Frost and Sullivan in terms of revenue in 2020 and 2021 For further information, please contact: TMRenergy, a national high-tech enterprise, specializing in energy storage systems, has been making waves in the renewable energy industry since its establishment in 2016. With a focus on accelerating the sustainable development of global energy, TMRenergy has become a leading energy storage service provider in China, offering innovative and sustainable distributed energy storage products and services. The renewable energy industry has been experiencing incredible growth over the last few years, and it’s not showing any signs of slowing down. Governments, corporations and individuals are now more committed than ever to reducing their carbon footprint and transitioning to sustainable energy sources. According to recent research, the renewable energy sector is expected to grow at a compound annual growth rate of 7.2% from 2020 to 2027, which is a clear indication of the global shift towards green energy. TMRenergy is at the forefront of this revolution, providing innovative and sustainable distributed energy storage products and services to customers worldwide. The company’s dedication to this cause is reflected in its mission to accelerate the world’s shift away from fossil fuels, ensuring a better future for generations to come. At the heart of TMRenergy’s success is its team of professionals, composed of talents in the fields of core hardware, software, deep learning, and manufacturing. Their expertise is driving the company forward, constantly pushing the boundaries of what is possible in the energy storage sector. The team’s deep knowledge and technical skills ensure that TMR Energy’s products and services remain cutting-edge, allowing the company to stay ahead of the competition. In addition to its technical expertise, TMRenergy also prides itself on its exceptional customer service. The company employs the best customer service representatives in the industry, ensuring that customers always receive the support they need when they need it. This commitment to service is one of the many ways that TMR Energy stands out from its competitors. TMR Energy’s products and services cover a range of energy storage needs, from home energy battery systems to commercial and industrial energy storage systems. The company’s all-in-one solar storage system for homeowners is a standout product, providing an efficient and cost-effective solution for those looking to make the switch to renewable energy. TMRenergy also offers high-voltage energy storage lithium batteries, all-in-one energy storage solar systems, and more. The company’s dedication to sustainable energy has not gone unnoticed. TMR Energy has closely cooperated with a number of well-known enterprises, both domestically and internationally, including BP, Ningde Times, Deye, China Energy Construction, Hongdou Group, Tuopu Group, Schneider, Prologis, GCL Group, Dr. Peng Group, Beijing Tourism Group, and more. TMRenergy is based in Nanjing, with sales outlets in Jiangsu, Zhejiang, Shanghai, Fujian, Guangdong, Shandong, Shanxi, and other provinces and cities. The company has also established a research and development and sales center in Copenhagen, Denmark, further expanding its global reach. With its dedication to sustainable energy and its team of highly skilled professionals, TMR Energy is well-positioned to continue leading the charge toward a cleaner, greener future. For more information about TMRenergy and its products and services, visit the company’s website at https://www.en.tmrenergy.com.San Francisco’s Leading Arts-Integrated Preschool Celebrates Four Decades with Gala
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cregan@russianhillschool.org
415.209.5831KabeElla : Leading the Way with Fermented Coffee Green Beans Cosmetics in Skincare
Leading Aesthetic Medical Devices and Consumables Distributor in Hong Kong Consolidating Quality Resources and Leading the Industry to Stay Ahead
EC Healthcare is Hong Kong’s largest non-hospital medical service provider*, leveraging its core businesses of preventive and precision medicine, and committed to developing medical artificial intelligence by integrating its multi-disciplinary medical services. The move, which is supported by the Group’s high-end branding and quality customer services, is aimed at offering customers safe and effective healthcare and medical services with professionalism. The Group is a constituent stock of the Hang Seng Composite Index and the MSCI Hong Kong Small Cap Index.
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Topic: Press release summaryLeading the Charge Toward a Sustainable Future with Innovative Energy Storage Solutions
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