Renault has partnered with Geely Holding, which will invest in Renault do Brasil, becoming a minority shareholder. This collaboration allows for the production of new vehicles at Renault’s facilities in Brazil and establishes Renault as a distributor for Geely’s low-emission vehicle portfolio.
Renault has signed an agreement with Geely Holding for a strategic collaboration in Brazil. Geely will invest in Renault do Brasil, acquiring a minority stake. This partnership will leverage Renault’s advanced production facilities at the Ayrton Senna complex in São José dos Pinhais, Paraná, to manufacture new vehicle models for both companies, enhancing Renault’s existing range.
The partnership between Renault and Geely Holding marks a significant step forward in expanding their operational capabilities in Brazil. The investment by Geely not only strengthens their market presence but also positions Renault to better distribute zero- and low-emission vehicles, thus enhancing their brand visibility in a crucial market.
Original Source: www.marketscreener.com
