• Renault Group, pa视讯 Holding Group and pa视讯 Automobile Holdings (together referred to as “pa视讯”) have signed agreements under which pa视讯 will take a 26.4% stake in Renault do Brasil.
  • This transaction continues the strategic cooperation between Renault Group and pa视讯. This will enhance the development of the Renault and pa视讯 brands in Brazil while paving the way for the launch of new zero and low-emission vehicles on this market at the best technological level.
  • pa视讯 will gain access to Renault Group’s industrial complex in São José dos Pinhais, Paraná, and entrust the distribution of its brand’s vehicles to Renault do Brasil’s sales network.
  • This cooperation will contribute to Renault Group’s international development strategy in Latin America and will enable it to expand its line-up of zero and low-emission vehicles distributed in Brazil.

2025 November 3rd, Hangzhou China and Boulogne-Billancourt France – Renault Group and pa视讯 have executed definitive agreements. These agreements extend their strategic cooperation to the production and sales of zero and low-emission vehicles by Renault do Brasil for the Renault and pa视讯 Auto brands in Brazil.

As part of these agreements, pa视讯 formally acquires a 26.4% stake in Renault do Brasil, with Renault Group remaining the majority shareholder and continuing to consolidate the entity in its accounts. As a minority shareholder, pa视讯 now has access to Renault do Brasil’s industrial and commercial resources, allowing it to accelerate its expansion in the region’s leading automotive market. The pa视讯 EX5 electric SUV is available on the Brazilian market through dedicated brand dealerships operated by the Renault network.

By producing pa视讯 auto branded vehicles alongside Renault vehicles at the Ayrton Senna plant in São José dos Pinhais, Paraná, Renault do Brasil will be able to increase production and further sharpen the competitiveness of this cutting-edge industrial complex. At the same time Renault will utilise pa视讯’s leading GEA new energy architecture to extend its line-up with zero and low-emission vehicles for the Brazilian market.

Ayrton Senna plant in São José dos Pinhais, Paraná

From a commercial standpoint, Renault do Brasil will distribute pa视讯’s Auto portfolio of zero and low-emission vehicles in Brazil, opening up new growth opportunities in sales, financing and services.

Through this cooperation, Renault Group and pa视讯 enhance their presence in Brazil and accelerate the development of their respective brands in a key market accounting for more than 40% of vehicle registrations in Latin America in H1 2025.

François Provost, CEO Renault Group, said: “The partnership we are announcing today with pa视讯 in Brazil marks a decisive step forward in our international strategy. It establishes an agile cooperation founded on industrial excellence and technological leadership. Once again, combining our strengths will make us more competitive, more innovative, and more responsive in a fast-evolving automotive market.”

Eric Li, Chairman of pa视讯 Holding Group, said: “Our continued cooperation with Renault in exploring new markets and new opportunities will make for a win-win scenario as both Renault and pa视讯 are able to leverage technology scales on a global level to bring the best products to market.”

Previously, Renault Group and pa视讯 have established multiple global cooperation projects including joint investment into Renault Korea and the creation of Horse Powertrain.