Renault and Geely have formalized a strategic partnership that brings the Chinese automotive powerhouse into Brazil’s market through a minority stake in Renault’s Brazilian subsidiary.
Under the agreement, Geely has acquired a 26.4% share in Renault do Brasil, while Renault Group retains majority ownership and continues to consolidate the business in its financial results.
The collaboration grants Geely access to Renault’s Ayrton Senna industrial complex in São José dos Pinhais, Paraná, where vehicles from both manufacturers will be produced on shared assembly lines.
The partnership focuses on manufacturing and distributing zero- and low-emission vehicles for both brands in Brazil, the largest automotive market in Latin America, accounting for over 40% of regional vehicle registrations in the first half of 2025.
Renault do Brasil will oversee the distribution of Geely Auto’s electric vehicle range through its nationwide sales network. The Geely EX5 electric SUV has already entered the market, available via dedicated brand dealerships managed by Renault dealers.
Through the deal, Geely secures a direct presence in Latin America’s leading car market, while Renault gains access to Geely’s advanced GEA new energy platform to strengthen its electric and low-emission vehicle portfolio in Brazil. Increased production at the Paraná facility is expected to enhance the site’s efficiency and competitiveness.
François Provost, CEO of Renault Group, described the agreement as “a decisive step forward in our international strategy,” highlighting that it represents “an agile cooperation founded on industrial excellence and technological leadership.”
Eric Li, Chairman of Geely Holding Group, said the collaboration creates “a win-win scenario” as both companies “leverage technology scales on a global level to bring the best products to market.”
The Brazil venture extends the growing global alliance between Renault and Geely, following earlier collaborations such as joint investments in Renault Korea and the establishment of Horse Powertrain.
Founded in 1986, Geely Holding has evolved into a major global automotive conglomerate with brands including Volvo Cars, Polestar, Lotus, and Lynk & Co. The group sold 3.33 million vehicles in 2024 and recorded 1.93 million sales in the first half of 2025, with electrified models comprising 52% of total deliveries.
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