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Renault & Geely Boost Brazil Investment for Electric Vehicles

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Insights by Echo AI

Renault and Geely are investing a combined $2.35 billion (R$13.9 billion) in Brazil by 2027. This includes an additional $350 million (R$2.1 billion) announced recently. The investment will fund the production of a new Renault electric vehicle based on the Global Electric Architecture (GEA) and the Geely EX2 electric hatchback. Production of the Geely EX5 EM-i hybrid is already underway, with a market launch planned for later this year.

Source coverage

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5 Sources

  1. CNN Brasil avatar

    CNN Brasil

    X / Twitter / @CNNBrasil

    Renault Geely anuncia R$ 2 bilhões para produzir novo carro no Brasil...

  2. El Economista avatar

    El Economista

    RSS / @eleconomista.com.ar/feed/

    Geely anunció una nueva inversión en Brasil y el inicio de producción...

  3. Infobae avatar

    Infobae

    RSS / @infobae.com/arc/outboundfeeds/rss/

    Renault y Geely invertirán 337 millones en Brasil para aumentar su pro...

  4. Folha de S.Paulo avatar

    Folha de S.Paulo

    X / Twitter / @folha

    Renault e Geely lançarão novo elétrico no Brasil em 2027 e aumentarão...

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