Renault, Geely to Invest €319 Million in Brazil, Expand Partnership
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Partnership between the assemblers, started in November, includes a total contribution of R$ 5.8 billion by the end of 2027
Renault, Geely to invest €319 million in Brazil, expand partnership
PARIS, Sept 15 : Automakers Renault and Geely said on Tuesday they will make a new €319 million investment in Brazil, through their joint venture, reinforcing their industrial partnership in the largest Latin American market, where rival BYD has been gaining ground with its affordable pure electric and plug-in hyb
Renault Geely of Brazil announced a new round of investments for the factory of São José dos Pinhais (PR) to expand local production. More R$ 2 billion will be injected by 2027, adding to R$ 3.8 billion already announced in November 2025.
There is often a tendency to underestimate the speed at which the Chinese industry is growing. Today, Li Shufu's group moves directly to Renault, Brazil, to produce its own models.
Car manufacturers Renault and Geely announced on Tuesday that they will make a new investment of €319 million in Brazil, through their joint venture, thereby strengthening their industrial partnership on the largest market in Latin America, reports Reuters.
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