[1][2] The Renault Group and Geely namesake brands would be the first to receive the powertrains and they would later be supplied to Dacia, Volvo, Lynk & Co and Proton cars,[3] as well as Nissan and Mitsubishi Motors ones.

In July 2023, Renault announced it had spun off its ICE and hybrid powertrain operations into a Horse-named subsidiary based in Madrid, Spain.

[5] Later that same month, the two companies signed a binding agreement for the creation of the venture holding, with Renault operations initially headquartered in Madrid and Geely's in Hangzhou.

Both Geely and Renault were set to transfer their intellectual property for ICEs and hybrid systems to the venture holding.

The venture holding was set to be established and start operations in the second half of 2023, pending regulatory clearances.