GEELY AUTO(HK:00175) Bei Jing Shang Bao·2025-11-03 16:24Core Viewpoint - Geely Holdings Group and Renault Group have signed a strategic cooperation agreement to enhance their overseas expansion, particularly in the Brazilian market, focusing on electric vehicles and leveraging each other's strengths in production and sales [1][2][3]. Group 1: Strategic Cooperation - Geely has acquired a 26.4% stake in Renault Brazil, allowing it to share production capacity and market networks, while Renault remains the controlling shareholder [1]. - The partnership will enable Renault to utilize advanced new energy technologies from Geely to expand its product line and meet the growing demand for electric vehicles in Brazil [2]. - This collaboration marks a significant milestone following previous joint ventures and agreements between Geely and Renault, indicating a deepening relationship [3]. Group 2: Market Expansion - The Brazilian market is seen as a new growth opportunity for Chinese automakers, with electric and hybrid vehicle sales exceeding 170,000 units last year, reflecting an 85% year-on-year increase [3]. - Other Chinese automakers, such as BYD and Great Wall Motors, are also expanding their presence in Brazil, indicating a trend of Chinese companies moving towards direct production in overseas markets [3]. - The collaboration with Renault is part of Geely's long-term strategy to internationalize its products and enhance competitiveness in the global automotive market [2][3].