Renault and Zhejiang Geely have agreed to broaden their collaboration in producing low-emission vehicles. As part of the agreement, Geely will invest to acquire a minority stake in Renault, which will provide Geely with access to additional resources. Furthermore, Renault will distribute Geely's low-emission vehicles in Brazil, thereby strengthening its position in the market. It is worth noting that Brazil ranks as the second-largest market for Chinese electric vehicle exports, just behind Belgium.