Renault and Geely Explore Expansion in Brazil Partnership

Renault is in talks with Geely to extend their partnership into Brazil, anticipating the use of Renault’s retail network for Geely-branded vehicle sales. The deal would allow Geely to enter the Brazilian market by assembling vehicles in the Curitiba plant, enhancing their production capabilities amidst rising trade barriers against Chinese exports.

French automaker Renault is negotiating with its Chinese partner Geely to expand their collaboration into Brazil. The discussions follow their previous joint venture focused on thermal engines, which began operations in 2024, and the companies have already initiated sales of vehicles produced in a shared factory in South Korea. An official announcement regarding the Brazil expansion is anticipated later this month.

The proposed partnership signifies Geely’s strategy to expand its market presence in South America, while Renault seeks to diversify away from its European reliance, indicating a significant strategic shift for both companies.

Original Source: www.just-auto.com