Renault do Brasil said it would invest EUR350m at the Ayrton Senna Complex in Parana to produce a new C-SUV on the group's new modular platform which underpins the Kardian.
“After the reveal of the Kardian, we are happy to announce a second brand new product in the upper segment, made in Brasil to be exported to all Latin America,” said Luiz Fernando Pedrucci, SVP of Renault Group and CEO of the Renault brand in Latin America.
“This new investment at our plant results in a total of EUR850m since 2021 which is a clear demonstration of our commitment in Brazil,” said Ricardo Gondo, president of Renault do Brasil.
The new vehicle will use an engine also produced at the Ayrton Senna Complex by Horse, a company dedicated to the development, production and supply of the next generation of hybrid low emissions powertrains, as announced last week, with an investment of US$20m.
