Economy · World
Renault and Geely to Invest in Brazil
Automaker Renault and Chinese manufacturer Geely will jointly invest €319 million in Brazil. This investment aims to expand their existing partnership. The companies plan to establish a new business unit in Brazil to develop hybrid and gasoline vehicles for the South American market. This initiative is part of a broader strategy to strengthen their presence in key global markets.
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- Centre (2): Channel News Asia, Reuters