Saudi Aramco’s $733 Billion Bet on Internal Combustion Engines Amid EV Surge
Doug McIntyre discusses Saudi Aramco’s significant investment of $733 billion in HORSE Powertrain, a company that builds internal combustion engines for other automakers like Renault and Geely. This investment indicates Saudi Aramco’s belief in the long-term viability of internal combustion engines despite the rise of electric vehicles. David Callaway questions whether HORSE Powertrain will produce…
