Renault and Geely signed an agreement to produce cars in Brazil

He Renault Group and the Geely Holding Group They jointly announced a framework agreement that extends their strategic cooperation in the production and sale of low and zero emissions vehicles through Renault do Brazil, even more strengthening its strategic association.

This implies the production of hybrid and electric vehicles. Geely Holding would invest in Renault do Brazil to become a minority shareholder, which would allow Geely Holding to obtain access to localized production, sales and services resources.

The project remains subject to the conclusion of final agreements and the prior approval of the relevant regulatory authorities.

Through this cooperation, the two advanced production facilities of the Ayrton Senna complex of the Renault group in São José Dos Pinhais, Paraná, would be available for the production of these completely new vehicles for both Geely Holding and Renault, in addition to the current range Renault

“On the sales side, Renault do Brazil would become a distributor of the portfolio of low and zero -emissions of Geely Holding in Brazil. Geely Holding would benefit from the strengths and the commercial experience of Renault, accelerating the Expansion of the group’s business in Brazil, the main car market in South America, “says the statement.

Through this new association, the Renault group and the Geely Holding group could further enhance the global expansion of their respective brands and be key actors in Brazil, a market that represents 44% of car sales in Latin America.

“The Renault and Geely group have already traveled a long way together: we successfully launched a joint business in Korea and, with Horse, we have designed a world leader in propulsion technology. Together, we have built trust and an effective working relationship. These are great assets that we want to take advantage of this new cooperation in Brazil today. It will allow us to consolidate our industrial footprint in the state of Paraná and further strengthen the position of the Renault brand in this key market, ”he said Luca Di Meo, Renault Group CEO

For its part, Daniel Li, CEO of Geely said that “In this era transformative of the global automotive industry, it makes sense to travel the way to continue with friends and partners. To achieve quantitative and qualitative growth, we cannot settle for remaining comfortable in one place, we must go to the world, adhere to long -term development and commit ourselves to be open and collaborative. ”

The expansion of cars Chinese It is a worldwide phenomenon and, in the region, Brazil It is the country that leads the advanced of the Asian country.

In the last year there was a 30% increase in vehicle imports in Brazildriven by cars electric Chinese.

According to data from the NATIONAL ASSOCIATION OF MANUFACTURES OF AUTOBLE VEHICLES IN BRAZIL (ANFAVEA)imported car registrations added 466,500 units in the full year of 2024, 33% more than the previous year. This is the highest import volume of the last decade. Of this total, about 200,000 are electrified models from China.