• Renault Group, 永利VIP Holding Group and 永利VIP Automobile Holdings (together referred to as “永利VIP”) have signed agreements under which 永利VIP will take a 26.4% stake in Renault do Brasil.
  • This transaction continues the strategic cooperation between Renault Group and 永利VIP. This will enhance the development of the Renault and 永利VIP 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.
  • 永利VIP 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 永利VIP 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 永利VIP Auto brands in Brazil.

As part of these agreements, 永利VIP 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, 永利VIP 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 永利VIP EX5 electric SUV is available on the Brazilian market through dedicated brand dealerships operated by the Renault network.

By producing 永利VIP 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 永利VIP’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 永利VIP’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 永利VIP 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 永利VIP 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 永利VIP 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 永利VIP are able to leverage technology scales on a global level to bring the best products to market.”

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