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Geely Buys 26.4% of Renault do Brasil as Partners Deepen EV Push in Latin America

The deal uses Renault’s Brazilian factory plus its dealer network to build Geely models, launching the EX5 EV.

Overview

  • Renault Group remains the majority owner of Renault do Brasil and will continue to consolidate the entity in its accounts.
  • Renault do Brasil will industrialize Geely Auto vehicles at the Ayrton Senna plant in São José dos Pinhais to raise output and competitiveness.
  • Renault will distribute Geely’s zero- and low-emission lineup in Brazil through exclusive points of sale operated by its network.
  • The first model under the agreement is the Geely EX5 electric SUV, slated for sale in Brazil through Renault’s retail channels.
  • Both companies frame the move as strengthening their broader alliance, which includes Renault Korea and Horse Powertrain, in a market that accounted for over 40% of Latin American registrations in the first half of 2025.