Asia Tech Wire (Sep 11) -- Horse Powertrain Ltd., a joint venture between Renault Group, Geely and Saudi Aramco, will invest 200 million reais ($35.8 million) in Brazil between 2024 and 2026, according to Bloomberg.

The investment will fund a casting line for new cylinder heads at its São José dos Pinhais plant in the state of Paraná.

Wesley Palma, chief operating officer of Horse Powertrain Brazil, said in an interview that the new production line will start operating from 2026 and has an expected annual capacity of 210,000 cylinder heads.