Geely and Renault have announced a partnership to boost production and sales of zero- and low-emission vehicles through Renault do Brasil.
Geely Holding will be investing in the Brazilian subsidiary of Renault to become a minority shareholder, enabling Geely to gain access to localised production, sales and services resources.
Luca de Meo, CEO Renault Group, said:
“It will allow us to consolidate our industrial footprint in the state of Paraná and to further strengthen the position of the Renault brand on this key market.”
Brazil’s two Renault production facilities in São José dos Pinhais, Paraná, will be made available for production of all-new low/zero-emission vehicles for both Geely and Renault, in addition to the current Renault line-up.
This deal marks the first-ever deal between the companies to be established in brazil.
Renault do Brasil would become a distributor of Geely Holding portfolio of zero and low emission vehicle products in Brazil, the main automotive market in South America.
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