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Geely Takes 26.4% Stake in Renault do Brasil to Speed Local EV Push

Renault retains control, tapping Geely’s GEA platform to expand its low-emission lineup in Brazil.

Overview

  • Renault Group and Geely executed definitive agreements on November 3, completing a Brazil partnership that combines equity, manufacturing access and distribution rights.
  • Geely gains use of Renault’s Ayrton Senna plant in São José dos Pinhais to produce Geely Auto vehicles alongside Renault models.
  • Renault do Brasil will distribute Geely’s zero and low-emission range through its dealer network, with the Geely EX5 electric SUV available via dedicated brand outlets.
  • Renault remains the majority shareholder of Renault do Brasil and will continue to consolidate the entity in its financial statements.
  • Both companies frame the move as a way to accelerate electrified offerings and brand growth in Brazil, which accounted for over 40% of Latin America vehicle registrations in the first half of 2025.