A Hongqi luxury sports car (left) and a Hongqi concept electric sports utility vehicle, manufactured by China FAW Group, during the IAA Frankfurt Motor Show in Frankfurt. Photo: Bloomberg

Saudi Aramco invests in cleaner internal combustion engines as it doubles down on oil ahead of jumbo IPO

  • Saudi Aramco said it’s investing tens of millions of US dollars a year to help carmakers develop engines that are less prone to carbon emissions
  • The move is aimed at ensuring sustainable demand for Aramco’s mainstay petroleum products
Topic |   Energy

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A Hongqi luxury sports car (left) and a Hongqi concept electric sports utility vehicle, manufactured by China FAW Group, during the IAA Frankfurt Motor Show in Frankfurt. Photo: Bloomberg
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