Automakers Renault and Geely said on Tuesday they will make a new €319 million investment in Brazil, through their joint venture, reinforcing their industrial partnership in the largest Latin American market, where rival BYD has been gaining ground with its affordable pure electric and plug-in hybrid models.
Renault on Thursday unveiled its new Niagara pickup truck, a model that would look out of place on the streets of Paris but is central to the French automaker's growth strategy in Latin America.
Renault reaffirmed its full-year outlook and said cost-cutting efforts were bearing fruit after reporting revenue growth in the first half of the year.
Renault posted a 9.4% rise in first-half revenue on Wednesday and swung back to profit thanks to strong electric vehicle sales, as it withstood growing pressure from incumbent rivals and Chinese newcomers on car prices across Europe.
Renault swung back to a profit in the first half of 2026 versus a large one-off loss in the same period last year, with electric vehicle sales up sharply despite intense competition from expanding Chinese brands.
Renault reported a slight drop in sales volumes in the first half of the year on Thursday, as higher competition in its key European market from new Chinese rivals curbed growth in some of its brands.
Renault Group is achieving better margins on its compact electric R5 than larger models like the Megane or Scenic, CEO Francois Provost told French business daily Les Echos on Monday.
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