GAC Launches Car Sales in Brazil with Plans for Local Manufacturing by 2026

Reported about 1 month ago

Chinese automaker GAC has commenced the sale of hybrid and electric vehicles in Brazil and aims to establish a local manufacturing plant by late 2026. With its investment plans totaling approximately 6 billion reais, GAC anticipates reaching sales of 100,000 units within five years, capitalizing on the rapidly growing electric vehicle market in Brazil amid increasing competition from other Chinese manufacturers.

Source: YAHOO

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