Geely Takes 26.4% Stake in Renault’s Brazil Unit to Build Cars in Paraná

Overview

• Geely will acquire 26.4% of Renault do Brasil, with financial terms not disclosed by the companies.
• Access covers the São José dos Pinhais plant in Paraná, the local engineering center, and nearly 250 Renault‑run dealerships.
• The agreement allows Geely to produce vehicles at the Paraná facility alongside Renault models.
• Both firms say the alliance will accelerate the introduction of low‑ and zero‑emission vehicles using Geely’s multi‑energy platforms with Renault’s manufacturing.
• Renault targets doubling its roughly 5% Brazilian market share within five years, with a reported production goal of about 400,000 vehicles a year versus 180,000 built in 2024.