Renault and Geely plan €319 million investment in Brazil
Renault (Euronext:RNO) and Geely (HKEX:175) said they will invest €319 million in Brazil via their joint venture to expand their industrial partnership.
Automakers Renault EURONEXT:RNO and Geely HKEX:175 said on Tuesday they will make a new €319 million investment in Brazil through their joint venture, strengthening their industrial partnership in the largest Latin American market. Rival BYD SZSE:002594 has been gaining ground in Brazil with its afforda…