Renault Commits $379 Million Investment for Production of New Hybrid SUV in Brazil

Renault's Brazilian division has announced a substantial investment of 350 million euros ($379.12 million) in the production of a new hybrid engine C-SUV car, specifically for distribution in Latin America. The French automaker revealed this development on Tuesday, outlining its commitment to expanding its product line and advancing sustainable mobility solutions in the region.

The forthcoming hybrid SUV will be manufactured at the Curitiba Veiculos de Passeio factory, located within the Ayrton Senna Industrial Complex in Sao Jose dos Pinhais, Parana, Brazil. This facility holds strategic significance as Brazil stands as Renault's second-largest market globally, following France.

Renault's ambitious plans extend beyond this specific investment, as the company aims to allocate a total of 3 billion euros by 2027 for the launch of eight new vehicles. The broader initiative is geared towards bolstering electric vehicle (EV) sales beyond the confines of Europe, forming a pivotal component of Renault's comprehensive global re-launch strategy unveiled in October.

This substantial investment in Brazil not only underscores Renault's commitment to catering to the dynamic automotive landscape in Latin America but also aligns with its broader vision of embracing electric and hybrid technologies to meet the evolving demands of the automotive market worldwide. The decision to produce a hybrid SUV in Brazil reflects Renault's strategic approach to contributing to the growing trend of sustainable and environmentally conscious mobility solutions in the region.

BS