US EditionChinese and French Carmakers Join Forces in Brazil to Develop Electric Vehicles
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3 Articles
Chinese and French carmakers join forces in Brazil to develop electric vehicles
Chinese automaker Geely has officially re-entered the Brazilian market by merging with the local subsidiary of France's Renault. The new entity, named 'Renault Geely do Brasil,' will jointly manufacture four new electrified vehicle models at the Ayrton Senna Complex factory in São José dos Pinhais, Paraná state, by 2027.
Renault's global CEO predicts that the partnership with the Chinese will help double production at the Paraná factory.
Renault Geely do Brasil, the joint venture in which the Chinese Geely owns 26.4% of the capital, has just announced a colossal investment plan of 616 million euros for its Sao José dos Pinhais complex, near Curitiba. This financial commitment, unveiled on Tuesday by the Brazilian subsidiary, is divided into three axes. The first concerns the implementation of a technical platform signed Geely, which will serve as a base for two new models expect…
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