Geely Brazil

As a minority shareholder, Geely can now leverage Renault Brazil's resources to accelerate its expansion in the region.

China is delaying approval for BYD and Geely to produce cars in Latin America as US tariffs fuel trade and economic uncertainties, Reuters reported.

Geely Holding will invest in Renault Brazil as a minority shareholder to gain access to localized production, sales and service resources in Brazil.