Renault Group (EU:RNO) has finalized an agreement to sell a 26.4% stake in its Brazilian subsidiary to China’s Geely Holding Group, deepening the partnership between the two automakers in one of Latin America’s key markets.
Under the deal, Geely Holding Group and Geely Automobile Holdings will gain access to Renault’s industrial resources in Brazil and begin producing Geely Auto–branded vehicles alongside Renault models at the Ayrton Senna plant.
For Renault, the partnership provides an opportunity to integrate Geely’s vehicle platform—which supports electric and hybrid powertrains—into its production lines, enabling the French automaker to expand its range of low- and zero-emission vehicles for the Brazilian market.
As part of the agreement, Renault do Brasil will also handle the distribution of Geely Auto’s electrified lineup, including sales, financing, and aftersales services, opening new growth channels for both brands.
The Geely EX5 electric SUV is already available to Brazilian consumers through dealerships operated within Renault’s retail network, marking the first step in this expanded collaboration.
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