Great Wall plans to launch 10 new electrified merchandise in Brazil inside three years, 4 of which can be pure electrical automobiles and 6 hybrids.
see picturesGreat Wall will introduce its first electrical product in Brazil within the fourth quarter of 2022
China’s Great Wall Motor stated on Friday it can make investments 11.5 billion yuan ($1.81 billion) over the following decade to construct electrical automobiles in Brazil, the place it has acquired a manufacturing unit from Daimler AG.
Paoding-based Great Wall, China’s prime pickup truck maker, stated it plans to launch 10 new electrified merchandise in Brazil inside three years, 4 of which can be pure electrical automobiles and 6 hybrids. It stated that it’s going to launch the primary product within the fourth quarter of this 12 months.
The automobiles can be manufactured from its new manufacturing unit within the metropolis of Erasmapolis in So Paulo state, which it formally took over on Thursday.
Read additionally: Some Indian investments to maneuver to Brazil after delay in Great Wall Motor approval: Report
Great Wall stated it might fee the plant within the second half of subsequent 12 months, and expects it to provide 100,000 items yearly and create 2,000 native jobs.
Daimler offered the previous Mercedes-Benz manufacturing unit to Great Wall for an undisclosed quantity final August in a deal that marked the Chinese automaker’s arrival in Latin America’s largest financial system.
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Global gross sales are necessary for Great Wall, which offered 1.28 million automobiles final 12 months and goals to ship 4 million automobiles a 12 months in 2025.
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With inputs from NDTV
