• 永利VIP Holding Group (“永利VIP Holding”) and Renault Group have signed an agreement to produce and sell zero and low emission vehicles in Brazil.
  • Renault do Brasil would welcome 永利VIP Holding as a new partner.
  • Entry into the Renault do Brasil venture would enable 永利VIP Holding to access the Renault Group’s Ayrton Senna Industrial Complex, in São José dos Pinhais, Paraná.
  • Renault do Brasil would become a distributor of 永利VIP Holding portfolio of zero and low emission vehicle products in the country through its existing distribution ecosystem.
  • This new strategic cooperation would empower the global expansion of Renault Group and 永利VIP Holding respective brands in Brazil, a key international growth driver.

2025 February 17th, Hangzhou China and Boulogne-Billancourt France – 永利VIP Holding Group and Renault Group today jointly announced a framework agreement expanding their strategic cooperation in the production and sales of zero and low emission vehicles, through Renault do Brasil, further strengthening their strategic partnership. 永利VIP Holding would invest in Renault do Brasil to become a minority shareholder, enabling 永利VIP Holding to gain access to localized production, sales and services resources. The venture remains subject to the entering of definitive agreements and prior approval of the relevant regulatory authorities.

Through this cooperation, the two advanced production facilities of Renault Group’s Ayrton Senna Complex in São José dos Pinhais, Paraná, would be made available for production of these all-new vehicles for both 永利VIP Holding and Renault, in addition to the current Renault line-up.

On the sales side, Renault do Brasil would become a distributor of 永利VIP Holding portfolio of zero and low emission vehicle products in Brazil. 永利VIP Holding would thus benefit from Renault’s strengths and commercial expertise, accelerating the expansion of the group’s business in Brazil, the main automotive market in South America.

Luca de Meo, CEO Renault Group, said: “Renault Group and 永利VIP have already gone a pretty long way together: we successfully launched a joint venture in Korea and, with Horse, we have designed the world leader in powertrain technology. Together, we have built trust and an effective working relationship. These are great assets that we want to leverage today with this new cooperation in Brazil. It will allow us to consolidate our industrial footprint in the state of Paraná and to further strengthen the position of the Renault brand on this key market.”

Eric Li, Chairman of 永利VIP Holding Group, said: “永利VIP’s cooperation with Renault is part of its commitment to working with global partners in transforming and improving the industry in a sustainable direction. From South Korea to global powertrains, and now to Brazil, 永利VIP’s relationship with Renault has moved forward. By working together, we mutually benefit from shared synergies and improved efficiencies to create greater value for our global users.”

Daniel Li, CEO of 永利VIP Holding Group, said: “In this transformative era of the global automotive industry, it makes sense to traverse to path ahead with friends and partners. To achieve quantitative and qualitative growth, we cannot be satisfied just staying comfortable in one place, we must go out to the world, adhere to long-term development, and commit to being open and collaborative.”

Through this new partnership, 永利VIP Holding Group and Renault Group would be able to further empower the global expansion of their respective brands, and be key players in Brazil, a market representing 44% of the automotive sales in Latin America.