Renault and Geely extend cooperation on zero emission vehicles in Brazil

Renault Group and GEELY join forces in Brazil. The two partners have signed agreements under which Geely will take a 26.4% stake in Renault do Brasil, with Renault remaining the majority shareholder. Geely gains access to Renault do Brasil’s industrial complex in São José dos Pinhais, Curitiba, and entrusts its vehicle distribution to Renault’s sales network. Renault do Brasil will produce both Renault and Geely-branded zero and low-emission vehicles at its Curitiba plant, using Geely’s GEA new energy architecture. This partnership strengthens both brands in Brazil, a market representing over 40% of vehicle registrations in Latin America, accelerates Renault Group’s international development, and opens new growth opportunities in production, sales, and services.

📌 Alfa Romeo has announced that it will delay its transition to a fully electric lineup. Initially planned for 2025, the move to all‑electric production by 2030 has been postponed in favour of a “multi‑energy” strategy. ➡️ New models are now expected only at the end of 2027. 👉 Read the full article : https://lnkd.in/eqyv7KPp

📢 Renault Group has agreed to sell a 26.4% stake in Renault do Brasil to Geely, expanding their collaborative efforts. This strategic move allows Geely to tap into Renault do Brasil's manufacturing and commercial infrastructure, boosting regional growth. The partnership continues to strengthen with a focus on producing zero- and low-emission vehicles under both brands in Brazil. Geely Auto models will share production space with Renault vehicles at the Ayrton Senna facility, enhancing output and leveraging both companies' technology. Renault Group CEO François Provost emphasized that this cooperation "marks a decisive step forward" in Renault's international strategy, encouraging innovation and competitiveness in a dynamic automotive market. 🌍 With plans to expand the range of electrified models and optimize distribution and aftersales operations, both companies aim to solidify their presence in a Brazilian market that accounts for over 40% of Latin American vehicle registrations. ⚡ Stay tuned for more developments as the automotive landscape continues to evolve.

Among measures for Italy, Stellantis CEO Antonio Filosa confirmed production of a new Jeep Compass, a “multi-energy” offer for Alfa Romeo models, and 400 additional workers to bolster production at Fiat's Italian Mirafiori plant.

With its sights set on South America, Chinese automaker Geely has signed a deal to buy a piece of Renault Group’s Brazilian subsidiary. In exchange for about $80 million in cash, Hong Kong-listed Geely and its parent will end up with a combined 26.4% stake in the French automaker’s local unit. The deal allows Geely to parachute into the market without all the heavy capital spending that its Chinese rivals had to do. #China #Brazil #Automotive #Investment

🇧🇷 GEELY BUYS 26.4% STAKE IN RENAULT BRAZIL Chinese automaker Geely has agreed to purchase a minority stake in Renault Brazil to strengthen its presence in one of the major markets in South America. This also signals the company's goal of aggressively expanding its global footprint. This underlines the company’s strategy to take advantage of Renault’s established manufacturing and supply chain in South America. Brazil is a key market for Geely, and with the latest deal, the automaker aims to go deeper into the market by penetrating through local production and a well-established distribution network. WHAT IT MEANS: It enhances one of China’s leading automakers’ global positioning by partnering with established OEMs, just like it did in Korea and Europe, while at the same time bolstering China’s influence in the global auto market through investments and manufacturing expansion. #Geely #Renault #AutoBrazil #EV #ChinaAuto #OEMPartnership

🇧🇷 GEELY BUYS 26.4% STAKE IN RENAULT BRAZIL Chinese automaker Geely has agreed to purchase a minority stake in Renault Brazil to strengthen its presence in one of the major markets in South America. This also signals the company's goal of aggressively expanding its global footprint. This underlines the company’s strategy to take advantage of Renault’s established manufacturing and supply chain in South America. Brazil is a key market for Geely, and with the latest deal, the automaker aims to go deeper into the market by penetrating through local production and a well-established distribution network. WHAT IT MEANS: It enhances one of China’s leading automakers’ global positioning by partnering with established OEMs, just like it did in Korea and Europe, while at the same time bolstering China’s influence in the global auto market through investments and manufacturing expansion. #Geely #Renault #AutoBrazil #EV #ChinaAuto #OEMPartnership

Renault has agreed to sell a 26.4% stake in its Brazilian subsidiary to China’s Geely Group, deepening the companies’ global partnership and accelerating Renault’s electrification strategy in emerging markets.   Under the deal, Geely will gain access to Renault’s Ayrton Senna plant in Brazil to produce its own branded vehicles alongside Renault models. Renault will also leverage Geely’s modular platform for electric and hybrid powertrains to expand its lineup of zero- and low-emission vehicles for the region.   Renault do Brasil will distribute Geely’s growing EV portfolio—beginning with the EX5 electric SUV—through its existing dealer network. The partnership builds on prior collaborations between the two automakers, including their Horse Powertrain joint venture and investments in Renault Korea, as Renault looks to strengthen its footprint in Latin America amid rising competition from Chinese automakers. https://lnkd.in/eJjyP3sG

Among measures for Italy, Stellantis CEO Antonio Filosa confirmed production of a new Jeep Compass, a “multi-energy” offer for Alfa Romeo models, and 400 additional workers to bolster production at Fiat's Italian Mirafiori plant.

Geely to Buy Stake in Renault’s Brazil Unit to Make and Sell EVs Chinese automaker Geely has signed a deal to buy a stake in Renault Group’s Brazilian subsidiary, an “asset-light” move to produce and sell new-energy vehicles (NEVs) in Latin America’s largest auto market. Under the final agreement signed Nov. 3, Hong Kong-listed Geely Automobile Holdings Ltd. and its parent Zhejiang Geely Holding Group Co. Ltd. will acquire a combined 26.4% stake in the French automaker’s local unit, according to company statements. https://lnkd.in/d9fXdCsv