Chinese automaker Geely acquires 26.4% stake in Renault do Brasil, gaining access to manufacturing facilities and distribution network to accelerate electric vehicle expansion in Latin America's largest market.
03 Nov 2025 | 2727 Views | By Sarthak Mahajan
Renault Group and Geely Holding Group have completed a strategic partnership agreement that brings the Chinese automotive giant into Brazil's market through a minority stake in Renault's Brazilian operations.
Under the definitive agreements signed today, Geely has acquired a 26.4% stake in Renault do Brasil, while Renault Group maintains ...
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Renault Group and Geely Holding Group have completed a strategic partnership agreement that brings the Chinese automotive giant into Brazil's market through a minority stake in Renault's Brazilian operations.
Under the definitive agreements signed today, Geely has acquired a 26.4% stake in Renault do Brasil, while Renault Group maintains majority ownership and continues to consolidate the entity in its accounts. The partnership grants Geely access to Renault's industrial complex at the Ayrton Senna plant in São José dos Pinhais, Paraná, where both companies' vehicles will be manufactured side by side.
The collaboration focuses on producing and distributing zero and low-emission vehicles for both brands in Brazil, a market that accounted for more than 40% of vehicle registrations in Latin America during the first half of 2025. Renault do Brasil will handle distribution of Geely Auto's electric vehicle portfolio through its existing sales network, with the Geely EX5 electric SUV already available through dedicated brand dealerships operated by Renault dealers.
The partnership is designed to benefit both automakers. Geely gains a foothold in Latin America's leading automotive market, while Renault will utilize Geely's GEA new energy architecture to expand its lineup of electric and low-emission vehicles for Brazilian consumers. The increased production volume at the Paraná facility is expected to enhance the competitiveness of the manufacturing complex.
"The partnership we are announcing today with Geely in Brazil marks a decisive step forward in our international strategy," said François Provost, CEO of Renault Group. "It establishes an agile cooperation founded on industrial excellence and technological leadership."
Eric Li, Chairman of Geely Holding Group, emphasized the mutual benefits of the arrangement. "Our continued cooperation with Renault in exploring new markets and new opportunities will make for a win-win scenario as both Renault and Geely are able to leverage technology scales on a global level to bring the best products to market."
This Brazilian venture represents the latest chapter in the growing relationship between Renault and Geely, which have previously collaborated on joint investments in Renault Korea and the creation of Horse Powertrain.
Geely Holding, founded in 1986, has grown into a global automotive conglomerate with a portfolio of brands including Volvo Cars, Polestar, Lotus, and Lynk & Co. The group sold over 3.33 million vehicles in 2024 and reported cumulative sales of 1.93 million vehicles in the first half of 2025, with electrified vehicles representing 52% of total sales.