Renault, Geely Launch Brazil Joint Venture With R$3.8 Billion Investment

Overview

• The companies will invest R$3.8 billion (about US$714 million) to develop and build vehicles at Renault’s São José dos Pinhais plant in Paraná.
• A new Geely zero- and low-emission platform will underpin two Geely-branded models scheduled to enter production in the second half of 2026.
• Funding also covers a refreshed Renault model due in the second half of 2026 and a new zero-emission Renault model planned for 2027.
• Geely has taken a minority stake of roughly 26% in Renault’s Brazil unit, and a new entity, Renault Geely do Brasil, will be led by Renault Brazil president Ariel Montenegro.
• The arrangement gives Geely access to Renault’s distribution network and engineering center while providing Renault access to Geely’s multienergy vehicle platform, with the announcement made at the factory alongside senior federal and state officials.