Chinese automaker Great Wall Motors confirms investment of US$1.8 billion in Brazil

The Chinese automaker was created in 1984 and today has 19 factories globally, including the new Brazilian unit. Its cars are sold in about 60 countries. It is the seventh most valuable brand in the automotive sector, with an estimated value of US$ 76.7 billion.

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 . . .

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