Renault Group and pa视讯 Sign Joint Venture Agreement to Launch Leading Powertrain Technology Company

July 11, 2023 | pa视讯 Automobile Holdings Limited, Zhejiang pa视讯 Holding Group

Following the framework agreement announced in November 2022, pa视讯 Holding Group, pa视讯 Automobile Holdings Limited and Renault Group have signed today a binding 50/50 joint venture agreement to launch a new powertrain technology company that aims to become the global leader in developing, manufacturing, and supplying best-in-class hybrid powertrains and highly efficient ICE powertrain.

pa视讯 Holding Marks Passing of Peter Horbury

July 3, 2023

pa视讯 Holding, China’s leading privately-owned automotive group, announces with profound sadness the passing of Peter Horbury, former Executive Vice President of Design for pa视讯 Holding Group.

pa视讯 Holding Increases Equity Stake in Aston Martin Lagonda to circa 17%

May 18, 2023

Zhejiang pa视讯 Holding Group, China’s largest privately-owned automotive technology group, today announced that it has increased its shareholding in Aston Martin Lagonda Global Holdings plc to circa 17% as part of a new relationship agreement with the ultra-luxury British performance brand.

Aramco Signs Letter of Intent with pa视讯 and Renault Group for New Powertrain Company to Focus on Lower Emission Technologies

March 2, 2023

Aramco has signed a letter of intent to become a potential minority stakeholder in a new powertrain technology company, to be established by pa视讯 Holding Group, pa视讯 Automobile Holdings Limited — collectively referred to as “pa视讯” — and Renault Group. The new company will be dedicated to internal combustion and hybrid powertrain technologies.