Renault Group and Geely Holding Group have signed a framework agreement to strengthen their collaboration in Brazil. The partnership will focus on producing and selling zero and low emission vehicles through Renault do Brasil. As part of the deal, Geely Holding will become a minority shareholder in Renault do Brasil, gaining access to its local production, sales, and service networks. The agreement is pending final approvals and regulatory clearance.
The collaboration will utilize Renault Group’s Ayrton Senna Complex in São José dos Pinhais, Paraná. The complex includes two advanced production facilities, which will manufacture vehicles for both Geely and Renault, alongside Renault’s existing models.
On the sales side, Renault do Brasil will distribute Geely’s range of zero and low emission vehicles in the Brazilian market. This partnership allows Geely to leverage Renault’s established commercial network to accelerate its growth in Brazil, the largest automotive market in South America.
Luca de Meo, CEO of Renault Group, stated, “Renault and Geely have a strong foundation from our successful ventures in Korea and powertrain technologies. This new partnership in Brazil will enhance our industrial presence in Paraná and reinforce Renault’s position in this key market.”
Eric Li, Chairman of Geely Holding Group, commented, “Our collaboration with Renault reflects Geely’s commitment to working with global leaders to build a more sustainable automotive industry. This partnership has grown from South Korea to global powertrains and now to Brazil, creating value for customers worldwide.”
Daniel Li, CEO of Geely Holding Group, added, “In a rapidly evolving automotive industry, innovation and collaboration are essential. We are dedicated to long-term growth with trusted partners as we expand globally.”
The partnership aims to strengthen both companies’ presence in Brazil, which accounts for 44% of automotive sales in Latin America. It also positions them as key players in the region’s shift toward sustainable mobility.
About Geely Holding Group
Zhejiang Geely Holding Group (Geely Holding) is a global automotive leader, managing several well-known international brands. The company covers the entire automotive value chain, from research and development to production, sales, and servicing. Founded in 1986 by Chairman Eric Li in Taizhou, Zhejiang province, Geely entered the automotive industry in 1997 and is now headquartered in Hangzhou, China.
Geely’s portfolio includes brands such as Geely Auto, Lynk & Co, Zeekr, Volvo Cars, Polestar, Lotus, Radar, Smart, London Electric Vehicle Company, and Farizon Auto. In 2024, Geely Holding sold over 3.33 million vehicles globally, with Volvo Cars delivering 763,389 units and Geely Auto Group reporting sales of 2,176,567 vehicles. The company employs over 140,000 people worldwide and has been listed in the Fortune Global 500 for thirteen consecutive years. Geely remains committed to innovation and sustainability, driving the future of mobility with advanced technologies and electrification efforts.
About Renault Group
Renault Group is a pioneer in redefining mobility through innovation and sustainability. The company operates four complementary brands—Renault, Dacia, Alpine, and Mobilize—offering eco-friendly mobility solutions worldwide. In 2024, Renault Group sold 2.264 million vehicles across over 130 countries and employs more than 105,000 people. The Group is focused on developing next-generation technologies, electrified vehicles, and services to achieve smarter mobility. Renault Group aims to achieve carbon neutrality in Europe by 2040, reinforcing its leadership in sustainable mobility.
This strategic partnership marks a significant step for both companies in advancing their goals for sustainable transportation and expanding their influence in the Brazilian and Latin American markets.
