Geely, Renault JV Injects 2 Billion Reais Into Brazil for Electrified Vehicle Push
MT Newswires Live
4 hours ago
Geely Automobile (HKG:0175) has expanded its partnership with French carmaker Renault to invest 2 billion reais in Brazil, through their existing joint venture, according to a statement released on Tuesday.
With this latest round, Renault Geely Brazil's total investments in the country will reach 5.8 billion reais between 2025 and 2027.
The new investment cycle will include a Renault electrified vehicle based on the Global Intelligent Electric Architecture platform in 2027, which will be the first model produced in Brazil under the FutuREady strategic plan.
The plan also includes production of Renault's Hybrid E-Tech 4x4 flex-fuel technology in 2027.
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