Finance
Renault to produce two new Geely-based cars in Brazil
Published by Global Banking & Finance Review®
Posted on November 18, 2025
2 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on November 18, 2025
2 min readLast updated: January 20, 2026
Renault and Geely will produce two new cars in Brazil by 2026, investing $713.9 million. A zero emission platform is planned for 2027.
(Reuters) -Renault Group will produce two new cars in Brazil in the second half of 2026, using the base of its Chinese partner Geely's vehicles, as it further expands in a high growth market, it said on Tuesday.
The two groups also said that they will invest 3.8 billion reais ($713.9 million) in an industrial complex in the country.
Renault did not say whether the investment was part of or in addition to the 3 billion euros international development plan over four years which it announced at the end of 2023.
The company said that the two manufacturers will create a new zero emission technology platform that will be the basis for another new Renault model to be launched in 2027.
Renault announced the completion of a deal in Brazil with Geely a fortnight ago, linking up in the largest Latin American market, where rival BYD has been building a factory and gaining ground with its affordable pure electric and plug-in hybrid models.
The agreement allows Geely access to an existing plant and dealership network and will help the French carmaker to use more of the available capacity at its assembly plant and add larger models to its portfolio, Renault has said.
While Renault's reliance on Europe has largely insulated it from U.S. President Donald Trump's tariffs, it also makes it vulnerable to the region's weak economic growth. Facing rising competition from Chinese automakers at home, it wants to expand outside Europe, in Latin America, but also in Korea, Turkey and India.
($1 = 5.3230 reais)
(Reporting by Mathias de Rozario in Gdansk and Gilles Guillaume in Paris; Editing by Matt Scuffham)
A zero emission technology platform refers to a system designed to produce vehicles that do not emit harmful pollutants, contributing to environmental sustainability.
An industrial complex is a large facility or group of facilities where various manufacturing and production processes occur, often involving multiple businesses or industries.
A partnership in business is a formal arrangement where two or more parties agree to manage and operate a business together, sharing profits and responsibilities.
Emerging markets are economies that are in the process of rapid growth and industrialization, often characterized by increasing investment opportunities and market potential.
The automotive industry encompasses all companies and activities involved in the design, development, manufacturing, marketing, and selling of motor vehicles.
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