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Renault and Geely form a joint venture to produce and sell eco-friendly cars in Brazil.
Renault and Geely, a Chinese automaker, have formed a joint venture to produce and sell zero- and low-emission vehicles in Brazil.
Through this partnership, Geely will use Renault's Brazilian manufacturing facility, while Renault will distribute Geely's eco-friendly vehicles via its existing network.
This collaboration aims to expand both companies' presence in Brazil amid global trade challenges.
The agreement is subject to regulatory approval.
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