Posted on 05 Nov 2025
French automaker Renault Group and its Chinese counterpart Geely Holding Group announced Monday a definitive cooperation agreement in Brazil, targeting electric vehicles.
According to a joint statement, Geely will take a 26.4% stake in Renault do Brasil, expanding the strategic cooperation the companies already hold in other countries. The undisclosed investment seeks to boost both brands in the Brazilian market, while paving the way for the launch of new zero and low-emission vehicles.
Geely will gain access to Renault’s industrial and commercial resources, enabling the Chinese company to sell, finance and service EVs in Brazil. The Geely EX5 electric SUV, for example, is available on the Brazilian market through dedicated brand dealerships operated by the Renault network.
Under the deal, Renault’s Ayrton Senna plant in São José dos Pinhais, Paraná state, will produce Geely Auto models alongside Renault vehicles using Geely’s leading GEA new energy architecture. The carmakers are yet to disclose further information on planned models and volumes, Kallanish notes
“Our continued cooperation with Renault in exploring new markets and new opportunities will make for a win-win scenario as both Renault and Geely are able to leverage technology scales on a global level to bring the best products to market,” comments Geely Holding Group chairman Eric Li.
François Provosto, ceo of Renault Group, adds that the partnership marks a “decisive step forward” in the companies’ international partnership. “It establishes an agile cooperation founded on industrial excellence and technological leadership. Once again, combining our strengths will make us more competitive, more innovative, and more responsive in a fast-evolving automotive market.”
Geely Holding owns brands such as Geely Auto, Volvo Cars, Polestar, Lotus and Zeekr. The Renault Group, meanwhile, features the brands Renault, Dacia, Alpine and Mobilize. It also owns an EV and software arm, Ampere.
Source:Kallanish
