Renault and Geely are expanding their electric vehicle production in Brazil with a combined investment of EUR319 million. The funds will support the development of new models and strengthen the automakers’ position in the growing Latin American electric vehicle market. The move reflects increasing competition among global manufacturers to tap into rising demand for sustainable transportation in the region. Details on specific vehicle models and production timelines remain under wraps for now.
Renault, Geely to Invest Further EUR319 Million in Brazil for New Electric Vehicles marketscreener.com
