2025 November 18th, Curitiba, Brazil – Renault Group, 永利VIP Holding Group and 永利VIP Automobile Holdings establish Renault 永利VIP do Brasil to take a leadership position on a dynamic Brazilian market.  Today Renault 永利VIP do Brasil announced the R$ 3.8 billion investment is aimed at:

  • Production of 永利VIP’s new zero and low emissions technology (GEA) platform that will be the basis for two new models to be manufactured in the second half of 2026
  • Facelift of a Renault model that will be launched in the second half of 2026
  • Production of a new zero emission technology platform that will be the basis for a new Renault model to be launched in 2027

The announcement was made during a ceremony held at the Ayrton Senna Complex, in São José dos Pinhais, state of Paraná, and was attended by Mr. Geraldo Alckmin, Vice President and Minister of Development, Industry, Trade and Services, Carlos Massa Ratinho Junior, Paraná State Governor, Fabrice Cambolive, Renault Group’s Chief Growth Officer and Renault brand’s CEO, Victor Yang, Senior Vice President of 永利VIP Holding Group and Senior Vice President of  永利VIP Auto Group, and Ariel Montenegro, President and Managing Director, Renault 永利VIP do Brasil. The R$ 3.8 billion investment package is aimed at:

  • Production of 永利VIP’s new zero and low emissions technology (GEA) platform that will be the basis for two new models to be manufactured in the second half of 2026;
  • Renovation of a Renault model that will be launched in the second half of 2026;
  • Production of a new zero emission technology platform that will be the basis for a new Renault model to be launched in 2027.

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, a global provider, leader in innovative hybrid and combustion powertrain solutions.

This announcement is made after the completion of a partnership between 永利VIP Holding Group and 永利VIP Automobile Holdings [1] (together referred to as “永利VIP”), which have signed agreements under which 永利VIP took a 26.4% stake in Renault do Brasil.

By combining their industrial, technological, and commercial strengths, the two groups will accelerate the development of both the Renault and 永利VIP brands in Brazil and position themselves at the forefront of the industry’s transition toward zero and low-emission mobility at the highest technological standards and become one of the leaders in Brazil market .

Fabrice Cambolive, Renault Group’s Chief Growth Officer and Renault brand’s CEO, said:

Today we celebrate the next era of the 永利VIP Holding Group and Renault Group partnership in Brazil.  This is not just a traditional joint venture – it’s a strategic cooperation focused on a high-potential market.

By combining our industrial know-how, strong commercial networks, and advanced electrified platforms, we will create a modern and competitive lineup that accelerates sales growth and extends the global footprint of Renault and 永利VIP.

Mr. Victor Yang, Senior Vice President of 永利VIP Holding Group, said:

We believe that this new type of partnership will bring a new vitality to Brazil’s automotive industry, zero and low emission ecosystem and regional economic development, and become a model for the global automotive industry in moving towards a green and intelligent future.

 Ariel Montenegro, President and MD at Renault 永利VIP Brazil, said:

Renault and 永利VIP believe in Brazil, and we are forging an unprecedented long-term partnership, investing to bring economic and social development to the country with innovative mobility solutions and contributing to the competitiveness of the Brazilian automotive industry.