GEELY AUTO(HK:00175) Xin Lang Cai Jing·2025-11-18 17:24Core Insights - Geely and Renault are investing 3.8 billion Brazilian Reais (approximately 714 million USD) in Brazil to jointly develop new vehicle models [1] - The investment aims to enhance competitiveness in South America's largest automotive market [1] - Part of the funding will support Geely's new zero-emission and low-emission platform for two new vehicles set to be produced starting in the second half of 2026 [1] - Remaining funds will be used to update an existing Renault model next year and launch a new model in 2027 [1] - Geely has agreed to acquire approximately 26% of Renault's Brazilian operations, allowing access to Renault's local distribution network and engineering center [1] - This transaction will help Renault accelerate capacity expansion at its Curitiba plant in Brazil and integrate Geely's multi-energy vehicle manufacturing platform [1]