Renault and Geely are collaborating in Brazil
- The Renault group is seeking to strengthen its presence outside Europe, especially after the clearly stated desire for independence of its former partner Nissan, which resulted in a decrease in Renault's stake in Nissan.
- In 2024, and likely in 2025, the Renault Group still generates 69% of its global sales in Europe. Its second largest market is South America (8% of global sales), tied with Turkey (8% of global sales), two regions where Renault has a strong presence in terms of assembly plants. The rest of the world accounts for only 15% of its global sales, with a notable absence in China (the world's largest market) and the United States (the world's second largest market).
- To strengthen its presence outside Europe, Renault is counting on its new ally, the Chinese company Geely, which already owns Volvo Cars and is a shareholder in Horse (Renault's subsidiary for internal combustion and hybrid engines).
- A collaboration has already been established in South Korea with the launch of the Renault Grand Koleos, based on a Geely SUV and produced at Renault's Korean plant. Now, a new collaboration between the two carmakers has been established in Brazil. Renault and Geely have entered into a strategic partnership to produce electric and hybrid vehicles based on Geely 's GEA platform, with an investment of over €620 million and a 25% stake for Geely in Renault do Brasil. This cooperation will result in:
• The launch of two vehicles in the second half of 2026, based on the GEA platform. It was not specified whether these would be solely Geely models, Renault models, or both.
• The launch of an updated version of a Renault model in the second half of 2026.
• The launch of a new, all-electric platform that will be used by Renault for a model launched in 2027.