French automaker Renault and China's Zhejiang Geely Holding (GEELY.UL) said in a joint statement on Monday that they have reached an agreement to produce and sell zero- and low-emission vehicles in Brazil.

Chinese automaker Geely is planning to sell its exported vehicles in Brazil using Renault’s retail network as early as this year and use the latter’s

Production and distribution partnership comes as China’s carmakers look for friendly global markets amid US and European tariffs.