Chinese automaker Great Wall Motors (GWM) has inaugurated its first manufacturing plant in the Americas, located in Iracemápolis, Brazil. The $1.9 billion facility marks a strategic expansion for China's automotive sector into South America's largest economy, with plans to produce hybrid and electric vehicles (EVs) for regional markets.
The move follows similar investments by other Chinese automakers in Brazil, reflecting growing economic collaboration between China and Latin America. Analysts note Brazil's rising EV adoption rates and renewable energy infrastructure make it an attractive hub for sustainable automotive production.
GWM's Brazil plant is expected to create 2,000 direct jobs and strengthen supply chain networks across the Mercosur trade bloc. The development aligns with Brazil's industrial modernization goals while offering investors new opportunities in green technology sectors.
This expansion underscores China's increasing role in shaping global automotive trends, particularly in emerging markets prioritizing eco-friendly transportation solutions.
Reference(s):
cgtn.com