Renault Geely do Brasil has announced a new investment cycle in Brazil for 2 billion Brazilian reais, equivalent to about 319 million euros. A significant amount, with which the French giant and its Chinese partner intend to strengthen their presence in the local market. The main novelty resulting from this investment is the production of a new electrified Renault vehicle based on the GEA platform starting from 2027.
Read more Fernandez: “Spielberg is not my favorite track, I don’t know what to expect”
Renault and Geely invest in Brazil
But that’s not all. Renault Geely do Brasil has also confirmed the start of production of the 100% electric Geely EX2 sedan at the Ayrton Senna Industrial Complex in December of this year. In addition to the new investment cycle, the company has also reiterated that next year in Brazil the production of the innovative Renault Hybrid E-Tech 4×4 flex-fuel technology will begin. After this announcement, the JV’s total investments in the country reach 899 million euros, equivalent to about 5.8 billion Brazilian reais, between 2025 and 2027.
Production news and more
“The new investment shows that we have confidence in Brazil as a strategic market for Renault’s growth – commented Fabrice Cambolive, Chairman of the Board of RGdB and CEO of Losanga – The announcement of a new Renault vehicle based on the GEA platform represents an important milestone for the brand and a first big step in terms of products of the futuREady plan in the country. Thanks to a win-win partnership, we are accelerating the development of electrified, competitive, and affordable vehicles, tailored for Brazilian customers, while strengthening Renault’s ambitious international growth goals.”
Click here to add Formula Passion as a preferred source on Google Discover: you will find our content more easily!
Read more BMW completes its line-up for 2027: Brad Binder arrives
