Renault & Geely Boost Brazil Investment for Electric Vehicles
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.5 sourcesSee all sources
