INSUBCONTINENT EXCLUSIVE:
Renault and Geely are preparing to expand their global partnership into Brazil, targeting one of the fastest-growing automotive
markets.Sources familiar with the discussions revealed that the agreement, expected to be announced later this month, will allow Geely to
on the existing collaboration between the French and Chinese automakers, which includes a joint venture for internal combustion engines and
hybrid technologies, as well as a shared manufacturing facility in South Korea.In Brazil, Geely plans to acquire a minority stake in
engine business.The partnership will initially see Geely-branded vehicles imported from China and sold through Renault dealerships
gasoline-powered, hybrid, and fully electric vehicles.Geely Joins Forces with Renault in Brazil to Boost Local Production and Sales
(Photo Internet reproduction)This aligns with the growing demand for cleaner energy solutions in Brazil
Partnership in BrazilFor Geely, it provides a strategic entry into South America amid intense competition in China and trade barriers in
developed markets like the U.S
and EU.Brazil represents a significant opportunity for automakers
fastest-growing market for such vehicles
It may also offer valuable insights into emerging market strategies for global automakers.
