Brazil’s National Bank for Economic and Social Development (BNDES) has approved a US$36 million loan to Renault Geely do Brasil to develop hybrid propulsion technology at its facility in Paraná. The technology will be incorporated into a new electrified vehicle scheduled for launch in 2027. The financing forms part of Renault’s broader US$1.15 billion investment program in Brazil from 2025 to 2027, supporting automotive innovation, electrification and lower-emission vehicle production.
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