Renault and Geely to cooperate also in Brazil

The Renault Group and Geely Holding are joining forces to produce and sell zero- and low-emission vehicles in Brazil. Geely intends to acquire a stake in Renault do Brasil and, in return, will benefit from Renault’s local production, sales, and service resources. Both parties have agreed in a framework agreement that Geely Holding will become a minority shareholder in Renault do Brasil through an unspecified investment. Continue reading at newmobility.news.

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