CMOC to Acquire Equinox Gold’s Brazilian Mines in $1 Billion Deal to Expand Precious Metals Portfolio 
SK Hynix Considers U.S. ADR Listing to Boost Shareholder Value Amid Rising AI Chip Demand 
Strategy Retains Nasdaq 100 Spot Amid Growing Scrutiny of Bitcoin Treasury Model 
JD.com Pledges 22 Billion Yuan Housing Support for Couriers as China’s Instant Retail Competition Heats Up 
HSBC’s $13.6 Billion Take-Private Offer for Hang Seng Bank Gains Board Backing 
Nvidia Weighs Expanding H200 AI Chip Production as China Demand Surges 
Woolworths Faces Fresh Class Action Over Alleged Underpayments, Shares Slide 
Fortescue Expands Copper Portfolio With Full Takeover of Alta Copper 
Coca-Cola’s Proposed Sale of Costa Coffee Faces Uncertainty Amid Price Dispute 
Nomura Expands Alternative Assets Strategy With Focus on Private Debt Acquisitions 
California Jury Awards $40 Million in Johnson & Johnson Talc Cancer Lawsuit 
SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles 
Intel’s Testing of China-Linked Chipmaking Tools Raises U.S. National Security Concerns 
Rio Tinto Signs Interim Agreement With Yinhawangka Aboriginal Group Over Pilbara Mining Operations 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
ANZ Faces Legal Battle as Former CEO Shayne Elliott Sues Over A$13.5 Million Bonus Dispute 
Renault SA (EPA:RENA) and China’s Chery Automobile (HK:9973) are in advanced discussions over a potential strategic partnership to expand their presence in South America, according to a Bloomberg report citing sources familiar with the matter. The negotiations focus on Colombia and Argentina, two key markets where both automakers see significant growth opportunities.
The proposed deal would give Chery access to Renault’s established manufacturing facilities in exchange for financial investment and support in vehicle design. In Colombia, Chery is considering utilizing Renault’s Envigado plant to produce combustion-engine vehicles. These models would primarily be sold under the Renault brand, strengthening Renault’s local footprint while helping Chery enter the market with reduced barriers.
Meanwhile, in Argentina, discussions are centered on Chery potentially investing in the production of a plug-in hybrid pickup truck at Renault’s Córdoba factory. This move would align with the growing demand for hybrid and eco-friendly vehicles in the region. Under the arrangement, Renault would also serve as the distributor, leveraging its established sales and service network to drive market penetration.
The talks reportedly began under the leadership of former Renault CEO Luca de Meo and remain ongoing. However, insiders caution that negotiations may not necessarily lead to a finalized agreement. If successful, the collaboration could mark a significant shift in South America’s automotive landscape, allowing both companies to pool resources and respond more effectively to shifting consumer demand and stricter emissions regulations.
This potential Renault-Chery alliance highlights the increasing trend of global carmakers partnering to share technology, reduce production costs, and accelerate entry into emerging markets. While the outcome remains uncertain, the discussions underscore the strategic importance of Latin America in the long-term growth strategies of both Renault and Chery.
