By Dominic Chopping
Renault Group agreed to a deal that will see Chinese auto group Geely take a 26.4% stake in the French automaker's Brazilian business.
The deal gives Geely Holding Group and Geely Automobile Holdings access to Renault's resources in Brazil and will allow them to manufacture Geely Auto branded vehicles alongside Renault vehicles at its Ayrton Senna manufacturing plant in the country.
At the same time, Renault will utilize Geely's car platform designed for electric and hybrid powertrains to extend its lineup with zero and low-emission vehicles for the Brazilian market.
Renault said its Brazilian unit, Renault do Brasil, will distribute Geely Auto's portfolio of zero and low-emission vehicles in Brazil, opening up new growth opportunities in sales, financing and services.
The Geely EX5 electric SUV is already available on the Brazilian market through brand dealerships operated by the Renault network.
Previously, Renault Group and Geely have established multiple global cooperation projects including joint investment into Renault Korea and the creation of powertrain technology developer Horse Powertrain.
Financial terms weren't disclosed.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
November 03, 2025 02:27 ET (07:27 GMT)
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