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 high-end or low-end engines and notes the ongoing demand for traditional engines even as EV adoption grows. He reflects on the automotive industry’s tradition of comparing engines, highlighting the continued relevance of internal combustion technology.