Renault: signs agreement with Geely Holding in Brazil
(CercleFinance.com) - Renault Group and Geely Holding Group have announced a framework agreement to produce and market zero- and low-emission vehicles in Brazil.
Geely Holding will invest in Renault do Brasil to become its minority shareholder.
As part of the cooperation, the two state-of-the-art production facilities at Renault Group's Ayrton Senna complex in São José dos Pinhais, Paraná, would be made available to produce these all-new vehicles for Geely Holding and for Renault, complementing the current Renault range.
On the commercial side, Renault do Brasil would become a distributor of Geely Holding's portfolio of zero- and low-emission vehicles in Brazil.
Luca de Meo, CEO Renault Group, said that together, we have established an effective working relationship based on trust. These are valuable assets that we wish to build on today with this new cooperation in Brazil. It will enable us to strengthen our industrial footprint in the state of Paraná and reinforce the position of the Renault brand in this key market.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
Geely Holding will invest in Renault do Brasil to become its minority shareholder.
As part of the cooperation, the two state-of-the-art production facilities at Renault Group's Ayrton Senna complex in São José dos Pinhais, Paraná, would be made available to produce these all-new vehicles for Geely Holding and for Renault, complementing the current Renault range.
On the commercial side, Renault do Brasil would become a distributor of Geely Holding's portfolio of zero- and low-emission vehicles in Brazil.
Luca de Meo, CEO Renault Group, said that together, we have established an effective working relationship based on trust. These are valuable assets that we wish to build on today with this new cooperation in Brazil. It will enable us to strengthen our industrial footprint in the state of Paraná and reinforce the position of the Renault brand in this key market.
Copyright (c) 2025 CercleFinance.com. All rights reserved.