Chinese carmaker Great Wall Motors signals intent to invest in Southeast Brazil

RIO DE JANEIRO, BRAZIL – Great Wall Motors (GWM), the largest private carmaker in China, sought Brazilian authorities last week to open a factory for electric cars and light SUVs in the Southeast region.

GWM has been studying Brazil for 2 years and is looking for a state that offers tax benefits to install the unit.

Market analysts and economists see it as an excellent possibility for Rio de Janeiro, currently impacted by high unemployment.

The company intends to start exporting vehicles next year.

Related coverage: Brazil seeks changes in MERCOSUR rules on tariffs and bilateral negotiations · Banco do Brasil to take free fast wireless internet to some 500 inland cities · Colombia hits death record for second consecutive day with 465 fatalities · Safra Bank closes deal to buy Crédit Agricole's wealth management business in Brazil

More: Brazil news in English, every day from The Rio Times.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief