Renault Group and Geely Holding Group have signed a framework agreement to enhance their strategic collaboration in Brazil, focusing on the production and sales of zero and low emission vehicles through Renault do Brasil. This agreement strengthens their ongoing partnership, with Geely Holding set to become a minority shareholder in Renault do Brasil, granting it access to localized production, sales, and service networks. The deal is subject to final agreements and regulatory approval.
As part of the collaboration, Renault Group’s Ayrton Senna Complex in São José dos Pinhais, Paraná, which houses two advanced production facilities, will be utilized for manufacturing new vehicles for both Geely and Renault, alongside the existing Renault offerings.
On the sales front, Renault do Brasil will distribute Geely’s portfolio of zero and low emission vehicles in Brazil. This move allows Geely to tap into Renault’s commercial expertise and accelerate its business expansion in Brazil, which is the largest automotive market in South America.
Luca de Meo, CEO of Renault Group, said, “Renault and Geely have built a strong foundation through successful ventures in Korea and powertrain technologies. This new partnership in Brazil will strengthen our industrial presence in Paraná and solidify the Renault brand’s position in this crucial market.”
Eric Li, Chairman of Geely Holding Group, commented, “Our cooperation with Renault reflects Geely’s commitment to partnering with global leaders in creating a more sustainable automotive industry. This partnership continues to evolve, from South Korea to global powertrains, and now to Brazil, generating value for customers worldwide.”
Daniel Li, CEO of Geely Holding Group, added, “In this rapidly changing automotive landscape, it’s vital to innovate and grow with trusted partners. We are committed to long-term, collaborative development as we expand our global presence.”
This strategic partnership will help both Renault and Geely further strengthen their foothold in Brazil, representing 44% of the automotive sales in Latin America, while positioning them as key players in the region’s automotive transformation. Zhejiang Geely Holding Group (Geely Holding) is a global automotive powerhouse, overseeing multiple renowned international brands and covering 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 sector in 1997 and is now headquartered in Hangzhou, China. The company’s diverse portfolio includes 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 worldwide, with Volvo Cars delivering 763,389 units and Geely Auto Group’s Hong Kong-listed entity reporting sales of 2,176,567 vehicles. The company employs over 140,000 people globally and has maintained its position in the Fortune Global 500 for thirteen consecutive years. Committed to innovation and sustainability, Geely continues to shape the future of mobility with advanced technologies and electrification initiatives.
Renault Group is a pioneer in redefining mobility, driven by innovation and sustainability. With a diverse portfolio of four complementary brands—Renault, Dacia, Alpine, and Mobilize—the Group delivers cutting-edge, eco-friendly mobility solutions to customers worldwide.
Operating in over 130 countries, Renault Group sold 2.264 million vehicles in 2024 and employs more than 105,000 people, all working toward its mission of bringing people closer through smarter mobility. Committed to innovation and performance, the Group is actively developing next-generation technologies and services, along with a new lineup of electrified, balanced, and highly competitive vehicles. Aligned with global environmental goals, Renault Group aims to achieve carbon neutrality in Europe by 2040, reinforcing its leadership in the future of sustainable mobility.
