Renault and Geely Invest 319M Euros in Brazil
Automakers Renault and Geely are investing 319 million euros in Brazil through their joint venture. The funding expands their partnership in the region to counter growing competition.
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RENAULT SA and GEELY AUTOMOBILE HOLDINGS LT will invest €319 million in Brazil, expanding their joint venture to counter rising competition. The joint venture brings total planned spending in the South American market to €899 million through 2027. The move comes as BYD CO LTD-H gains market share with affordable pure electric and plug-in hybrid models.
