The Renault Group and Geely Holding Group have inked a strategic cooperation framework agreement in Brazil, aiming to broaden their collaborative efforts in the development and production of eco-friendly vehicles, focusing on zero-emission and low-emission models. Under the terms of this agreement, Geely Holding will invest in Renault do Brasil, acquiring a minority stake and sharing critical resources such as localized production facilities, sales channels, and service networks. This partnership not only solidifies the existing strategic alliance between the two companies but also paves the way for Geely's expanded presence in Brazil, a pivotal market within South America's automotive landscape.

Previously, the two entities have enjoyed a fruitful collaborative history in the Korean market, marked by Geely Holding's acquisition of a stake in Renault Samsung Motors and the joint establishment of HORSE Powertrain, a pioneering powertrain technology company.