Great Wall Motors has big plans for Brazil. The Chinese carmaker wants to begin production within the next two years.
It agreed to buy the plant from Daimler Group and transform the facility to begin production of 100,000 vehicles and create 2000 new jobs each year.
The Great Wall Motor Company has invested in expanding its business overseas in recent years.
And buying a plant in Brazil is important for the company to establish its presence here in South America.
The strategy is to use the plant in Brazil to produce cars for the whole South American region.
CGTN’s Paulo Cabral reports.