Renault and Geely commit $714m to joint vehicle projects in Brazil [Yahoo! Finance]
RENAULT SA UNSP/ADR (RNLSY)
NASDAQ:AMEX Investor Relations:
group.renault.com/en/finance-2
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Source: Yahoo! Finance
The plan includes allocating part of the funds to Geely's new zero- and low-emissions technology (GEA) platform. This architecture will serve as foundation for two new models scheduled to enter production in the second half of 2026. Remaining capital will go towards renovating a current Renault model for 2026 launch and introducing a further new vehicle in 2027. The investment was announced at Ayrton Senna industrial complex in São José dos Pinhais, in the southern state of Paraná. Renault Group chief growth officer and Renault brand CEO Fabrice Cambolive said: “Today we celebrate the next era of the Geely Holding Group and Renault Group partnership in Brazil. This is not just a traditional joint venture – it's a strategic cooperation focused on a high-potential market. “By combining our industrial know-how, strong commercial networks, and advanced electrified platforms, we will create a modern and competitive lineup that accelerates sales growth and extends the global footpr
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