RIO DE JANEIRO, BRAZIL - The Chinese automaker Great Wall Motors (GWM) announced its plans for Brazil on Thursday (27). The company will assemble cars in the city of Iracemápolis (interior of São Paulo), in the unit that used to belong to Mercedes-Benz.
The company estimates an investment of R$10 (US$1.8) billion in the long term, divided into cycles.
The first stage started in 2021 and will last until 2025, with an amount between R$4 billion and R$4.5 billion. All vehicles produced will be hybrid or 100% electric.
According to Pedro Betancourt . . .