Core Insights - The collaboration between Geely and Renault in Brazil marks a significant investment of 3.8 billion Brazilian Reais (approximately 5.1 billion RMB) aimed at advancing new energy technology platforms and models in the Brazilian market [1][2][3] - This partnership signifies a shift from mere capital alliance to ecological co-creation, highlighting a new path for Chinese automakers' globalization centered on shared benefits [1][2] Investment Details - Geely has acquired a 26.4% stake in Renault's Brazilian operations, while Renault retains control and will consolidate financial statements [2] - The investment will facilitate the local production of two new models based on Geely's GEA new energy architecture, with plans for market launch in the second half of 2026 [2][3] Local Development Strategy - The partnership will leverage Renault's existing production capacity and distribution network in Brazil, enhancing local manufacturing, supply chain, sales, and service capabilities [3] - Geely's EX5 and EX2 models have already been introduced in Brazil through Renault's network, indicating a successful market entry [3] Broader Global Strategy - This collaboration is part of Geely's broader globalization strategy, which includes previous partnerships in South Korea and the establishment of the HORSE powertrain company [4][5] - The HORSE company aims to develop hybrid and fuel powertrain components, with projected annual revenue of approximately 15 billion Euros [5] Market Impact - The investment is expected to enhance the competitiveness of Brazil's automotive industry and promote decarbonization efforts [3] - The partnership reflects a shift in the cooperation model between Chinese and foreign automakers, moving towards joint ventures and brand co-creation [6]

Core Viewpoint - The strategic partnership between Geely and Renault marks a significant step in their collaboration, focusing on the Brazilian market for electric vehicles and local production [2][3]. Investment and Production Plans - Geely and Renault will invest 3.8 billion Brazilian Reais (approximately 5.1 billion RMB) to establish Renault Geely do Brasil, aimed at localizing production of two new models based on Geely's GEA electric architecture, set to launch in the second half of 2026 [2]. - A new electric vehicle technology platform will be developed, with a Renault model expected to be produced by 2027 [2]. Market Potential and Strategy - Brazil's automotive market is projected to reach approximately 2.486 million units in 2024, reflecting a 14% year-on-year growth, positioning it as a key market for Chinese electric vehicles [4]. - The partnership adopts a "light asset" model, which may serve as a reference for other Chinese companies looking to expand into international markets [4]. Collaborative Goals - The collaboration aims to integrate manufacturing capabilities, marketing networks, and advanced electric platforms to create a competitive product matrix and drive sales growth [3]. - Both companies emphasize the importance of exploring new markets and opportunities, aiming for a win-win situation through strategic collaboration and resource complementarity [3].

《中国经营报》记者注意到，上述合作因对巴西新能源产业升级、就业拉动及南美汽车市场具有重要战 略意义，受到巴西政府及地方各界的高度重视。巴西副总统杰拉尔多·阿尔克明、巴拉那州州长拉蒂尼 奥·儒尼奥尔等各界领导，及雷诺集团和吉利管理层共同出席。 吉利与雷诺的合作迎来新进展。11月19日，在吉利与雷诺集团宣布成立雷诺吉利巴西公司（Renault Geely do Brasil）后，双方战略合作启动仪式在巴西埃尔顿・塞纳工业园区举行。吉利雷诺巴西公司将 投资38亿雷亚尔（约合人民币51亿元），推动新能源技术平台及车型在巴西落地。该项目将显著提升工 业园区产能利用率，并加速吉利在拉美拓展新能源市场。 雷诺集团首席增长官、雷诺品牌CEO法布里斯·坎博利夫表示："雷诺与吉利在巴西的战略合作迈入全新 阶段。未来，双方的战略合作将聚焦潜力市场，整合工业制造能力，营销网络以及领先的电动化平台， 共同打造极具市场竞争力的产品矩阵，促进销售增长，加速雷诺与吉利的全球化布局。" "此次合作是继吉利与雷诺韩国整车合资项目和浩思动力总成公司成立之后，吉利与雷诺战略合作又一 重要里程碑。双方将继续探索新市场和新机遇，共创共赢，共同发展，通过 ...

人民网巴西库里蒂巴11月18日电 （记者陈一鸣）当地时间11月18日，吉利控股集团和吉利汽车控股有限公司（以 下统称"吉利"）与雷诺集团战略合作启动仪式在巴西巴拉那州首府库里蒂巴附近的埃尔顿・塞纳工业园举行，巴西副 总统杰拉尔多·阿尔克明出席活动。 雷诺集团首席增长官、雷诺品牌首席执行官法布里斯·坎博利夫表示，雷诺与吉利在巴西的战略合作将聚焦潜力市 场，整合工业制造能力、营销网络和先进的电动化平台，共同打造具有市场竞争力的产品矩阵，促进销售增长，加速 雷诺与吉利的全球化布局。 雷诺集团首席增长官、雷诺品牌首席执行官法布里斯·坎博利夫在活动上致辞。吉利控股集团和吉利汽车控股有限公司 供图 杰拉尔多·阿尔克明在活动中表示，巴西欢迎中国企业积极参与巴西的绿色新能源转型进程，愿与中国企业携手推 动可持续发展，实现互利共赢。巴西政府2023年底启动汽车行业税收优惠政策，吉利与雷诺的战略合作进一步巩固了 巴西汽车行业在这一政策推动下形成的创新、可持续和竞争力并重的发展环境。 吉利控股集团高级副总裁杨学良在致辞中介绍，根据双方的战略合作协议，吉利EX5和吉利EX2（星愿）两款车 型已通过雷诺经销网络在巴西上市，接下来双方将 ...

作者丨彭鑫 目前，吉利EX5和吉利EX2（星愿）已通过雷诺经销网络在巴西上市。接下来，双方将致力于构建完善的本地生态体系，进一步提升本地化制造、供应链、 销售与服务能力，推动品牌在巴西及拉美市场实现快速、可持续增长。此次投资是继双方携手推进韩国整车合作项目、共同成立全球动力总成公司浩思 （HORSE Powertrain）之后，吉利与雷诺战略合作的又一重要举措。 本月初，吉利控股集团与吉利汽车控股有限公司与雷诺集团正式签署巴西战略合作最终协议。双方将进一步深化合作，通过雷诺巴西公司生产和销售吉利与 雷诺的新能源车型。根据协议，吉利将收购雷诺巴西公司26.4%的股份，雷诺集团继续保持控股股东地位并合并财务报表。 据《中国汽车报》报道，巴西作为拉美地区最大的汽车市场，正成为全球新能源汽车竞争的重要区域。吉利与雷诺的合作将增强双方在巴西市场的竞争力： 雷诺可借助吉利的新能源技术扩展产品线，吉利则可通过雷诺的经销商网络快速进入巴西市场，形成"技术输出—产能共享—市场共创"的全球化梯度布局。 内容综合自中国汽车报、吉利官方资料等 图源：吉利官方 这是吉利与雷诺集团宣布成立雷诺-吉利巴西公司后取得的实质性进展。 根据投资 ...

Core Points - The strategic partnership between Geely Group and Renault Group was officially launched in Brazil, with an investment of 3.8 billion reais (approximately 5.1 billion yuan) to promote the localization of new energy technology platforms and models in Brazil [1] - The collaboration aims to enhance local manufacturing, supply chain, sales, and service capabilities, fostering sustainable growth in the Brazilian and Latin American markets [1] - The Brazilian government plans to provide tax incentives for R&D and technological efficiency improvements for companies operating in Brazil [1] Company Insights - Geely's senior vice president emphasized that this new cooperation model will invigorate the Brazilian automotive industry and contribute to a low-emission ecosystem [1] - Renault's Chief Growth Officer stated that the partnership will focus on potential markets and integrate manufacturing capabilities and marketing networks to create competitive products [2] - Geely's CEO highlighted that this collaboration marks a significant milestone following previous joint ventures and aims to explore new markets and opportunities for mutual growth [2] Product Development - Geely EX5 and EX2 models have already been launched in Brazil through Renault's distribution network [2] - The investment plan includes local production of two new models based on Geely's GEA new energy architecture, set to be launched in the second half of 2026 [2] - A new Renault model will be updated in the second half of 2026, and a new technology platform will be developed by 2027, leading to the production of a new Renault model [2]

Core Insights - Geely Holding Group and Renault Group have officially launched their joint venture, Renault Geely do Brasil, marking the start of their strategic cooperation in the Latin American market for new energy vehicles [1][2] - The joint venture plans to invest 3.8 billion Brazilian Reais (approximately 5.1 billion RMB) to focus on localizing new energy technology platforms and models in Brazil [1] - This investment aims to significantly enhance the capacity utilization of the Elton Sena Industrial Park and serves as a key initiative for Geely to accelerate its expansion in the Latin American new energy market [1] Investment and Product Development - The joint venture will implement a phased approach to product launch and technology deployment, with plans to localize production of two new models based on Geely's GEA new energy architecture, expected to be launched in the second half of 2026 [2] - For long-term development, the joint venture will create a new energy technology platform, with Renault brand new models projected to start production in 2027, further enriching the local new energy product matrix [2] - The collaboration will leverage existing resources, utilizing Renault's Brazilian factory for rapid production and its established distribution network to enhance market penetration [2] Strategic Collaboration - This joint venture represents a significant extension of the global strategic cooperation between Geely and Renault, following their previous projects in South Korea and the establishment of the global powertrain company HORSE Powertrain [2] - The partnership aims to create a global cooperation framework characterized by "technology sharing, capacity complementarity, and joint market expansion" [2] - Geely's CEO emphasized the importance of this collaboration as a milestone in their strategic partnership, aiming to explore new markets and opportunities while delivering high-quality products and services to global consumers [3]

Core Viewpoint - Geely Group is intensifying competition with BYD in the electric vehicle market, narrowing the market share gap in China and expanding into Europe with the launch of the EX5 model in the UK [1][4]. Group 1: Market Expansion - Geely's EX5 is priced between £31,990 and £36,990, approximately RMB 299,000 to RMB 345,000, marking its entry into the UK electric vehicle market [1]. - The EX5 is positioned to compete with models like the Volkswagen ID.3 and comes with cash discounts of £2,300 to £3,750 due to the lack of UK government incentives [1]. - BYD's Atto 2 is similarly priced at £30,900 to £35,000, with a modest sales figure of 211 units in its first month [2]. Group 2: Historical Context and Strategy - Geely has invested in the UK for over 20 years, acquiring companies like LEVC and holding stakes in Lotus and Aston Martin, which has built its brand reputation [4]. - Despite being a major player in the Chinese automotive export market, Geely's overseas exports have declined by 8% to 184,000 units in the first half of the year [4]. - Geely is establishing a rapid response system for overseas markets and aims to enhance its product offerings and market research to improve export performance [4][5]. Group 3: Competitive Landscape - The UK market is becoming increasingly competitive for Chinese automakers, with a 235% increase in sales of Chinese electric vehicles in September [6]. - The UK government offers incentives for electric vehicle purchases, making it an attractive market for Chinese brands [8]. - However, personal consumer acceptance of electric vehicles remains low, with over 70% of electric vehicle sales in September being to businesses or fleets [9]. Group 4: Challenges and Considerations - Chinese brands face challenges in adapting their advanced technology to the UK market, where consumer sensitivity to smart features is lower [10]. - The competitive pricing advantage of Chinese brands is diminishing as European manufacturers introduce similarly priced models [10]. - Establishing a robust dealer network is crucial for Chinese automakers to secure fleet contracts and achieve retail market scale, requiring significant upfront investment [10].

Core Insights - Chinese automotive brands, particularly Geely, are rapidly expanding onto the global stage, with significant growth in electric vehicle exports and market presence [1][2][3] Globalization Strategy - Geely's internationalization journey began in 2003 with its first export of 50 vehicles, marking the start of its global expansion [2] - The company has established assembly plants in various countries, including Indonesia, Uruguay, and Belarus, demonstrating a long-term commitment to internationalization [2] - Geely's strategy has evolved through three phases: initial product exports, followed by production relocation, and culminating in large-scale overseas acquisitions [2][3] Performance Metrics - From January to October this year, Geely's total sales exceeded 2.47 million units, a 44% increase year-on-year, with electric vehicle sales growing by 106% [3] - Geely's exports reached over 40,000 units in September, with European sales increasing by 61.8% and Latin America by over 90% in the first three quarters [3][4] Product and Market Diversification - Geely's product lineup includes over 30 models across four brands, with a significant increase in the market penetration of its electric vehicles from 6.2% in 2021 to 60.5% currently [4] - The company has adopted a flexible approach to meet diverse market demands through a wide range of energy types, including electric, hybrid, and fuel vehicles [4] Technological Innovation - Geely emphasizes technological innovation as a key driver of its growth, investing over 250 billion yuan in R&D over the past 11 years [5][6] - The company has developed a global R&D network and is focusing on localizing technology to meet regional standards, such as adapting EV technology for tropical climates in Malaysia [5][6] Strategic Partnerships - Geely's acquisition of a 26.4% stake in Renault Brazil will enhance its market presence and production capabilities in Latin America [6][7] - The collaboration with local companies aims to optimize production and service delivery, reflecting Geely's strategy of integrating global resources with local operations [7][10] Market Expansion Plans - Geely is expanding its footprint in the UK, planning to increase its sales network from 25 to 100 outlets by the end of 2026, with a goal of launching 15 new models in Europe over the next five years [9] - The UK market is seen as a strategic entry point into Europe, with Geely aiming to leverage its stringent regulatory environment to establish a strong presence [9] Challenges and Adaptations - Geely faces challenges from global trade protectionism and varying technical standards across markets, which it addresses through local partnerships and a diversified supply chain [10] - The company is committed to maintaining a balance between global integration and local responsiveness, ensuring that its products meet local regulations from the design phase [10]

Group 1 - New BYD Summer launched with a price range of 206,800 to 269,800 yuan, featuring four models and enhanced electric range and energy efficiency [4][12] - New Mazda EZ-6 launched with a price range of 119,800 to 162,800 yuan, offering both pure electric and range-extended versions with a total of 11 models [13][20] - New Zhiji LS9 available for pre-sale with a price range of 346,900 to 376,900 yuan, featuring advanced design and high-end configurations [21][29] - New Aion i60 available for pre-sale with a price range of 119,800 to 126,800 yuan, offering both range-extended and pure electric versions [30][39] - Geely acquires 26.4% stake in Renault Brazil, enhancing its market presence in Latin America [40][42] Group 2 - BYD Summer features fifth-generation DM hybrid technology, with a 110kW 1.5T engine and 200kW motor, offering a pure electric range of 100/218 km [10][12] - Mazda EZ-6's range-extended version includes a 70kW 1.5L range extender and offers a maximum comprehensive range of 1301 km [18][20] - Zhiji LS9 utilizes a "Star" super range-extending system with a maximum power of 390kW and a 0-100 km/h acceleration time of 4.9 seconds [27][29] - Aion i60's range-extended version features a 74kW 1.5L range extender and a comprehensive range of 1240 km [37][39] - Geely's partnership with Renault allows shared access to production capacity and market networks in Brazil, facilitating the expansion of both companies in the electric vehicle market [40][42]