Renault in talks with automakers after Brazil deal with Geely

STORY: Renault is in talks with more automakers including China's Chery to explore partnerships to jointly produce and sell carsRenault Group's chief growth officer Fabrice Cambolive told reporters on Friday (October 31) about the talks.While also announcing the completion of a deal in Brazil with China's Geely on Monday (November 3).It underscores how Renault has been increasingly partnering with other automakers in global markets to improve the efficiency of its factories worldwide.According to a press release issued on Monday, Renault signed agreements to sell Geely over 26% of its Brazilian subsidiary. The two are linking up in the largest Latin American market, where BYD has been building a factory and gaining ground.As part of the agreement in Brazil, Geely will have access to Renault's factory in the state of Parana.It will assemble Geely-branded cars and distribute them through Renault's sales network.While Renault will use Geely's vehicle architecture to expand its range to other segments for the Brazilian market.

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