Renault (RNT.L,RNSDF.PK,RNSDY.PK,RNO.PA,RNL.DE), a French automotive major, said on Monday that it has inked a deal with Zhejiang Geely Holding Group, to sell a 26.4% stake in Renault do Brasil.
As a minority shareholder, Geely will have access to Renault do Brasil's industrial and commercial resources, allowing it to accelerate its expansion in the region's automotive market.
Renault do Brasil will make Geely Auto-branded vehicles alongside Renault vehicles at the Ayrton Senna plant in São José dos Pinhais, Paraná.
Renault will utilize Geely's GEA new energy architecture to extend its line-up with zero-and-low-emission vehicles for the Brazilian market.
Renault do Brasil will also distribute Geely Auto's portfolio of zero-and-low-emission vehicles in Brazil.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.