, opens new tab, which already manufactures hybrid flex-fuel cars in Brazil, and Stellantis (STLAM.MI), opens new tab also investing in the technology.Those cars can run on 100% ethanol in addition to their electric engines Poer will be the first hybrid pickup produced in Brazil according to the firm.GWM also expects to export vehicles from the South American nation initially eyeing other Latin American countries.It will start renovations in the plant in the first half of 2023 aiming to expand its capacity to 100,000 vehicles per year from the current 20,000.Reporting by Gabriel Araujo; Editing by David Gregorio Our Standards: The Thomson Reuters Trust Principles., opens new tab Gabriel is a Sao Paulo, Brazil-based reporter covering Latin America's financial and breaking news from the region's largest economy. A graduate of the University of Sao Paulo, joined Reuters while in college as a Commodities & Energy intern and has been with the firm ever since. Previously covered sports - including soccer and Formula One - for Brazilian radios and websites. , opens new tab Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. , opens new tabScreen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. © 2025 Reuters. All rights reserved Chinese electric vehicle (EV) manufacturing giant BYD will soon be producing cars in Brazil by way of the Ford plant in Camaçari (Bahia state) which closed in 2021 Bahia state governor Jerônimo Rodrigues announced on Wednesday (28 June) BYD will be joining the ranks of its Chinese counterpart GWM which intends to be producing 100,000 cars per year starting in 2H24 (originally set for 2023) from its plant in Iracemápolis (São Paulo state) BYD global vice president Stella Li attended the launch of the BYD Dolphin compact hatch among the lowest priced full-electric vehicle in Brazil It comes approximately four months after the GWM Haval H6 hybrid SUV launch More information regarding BYD models to be produced and investment amounts will be revealed on Tuesday (4 July) the governor during the formal announcement Want to capture the attention of the International Fleet and Mobility leaders Contact us and become our partner! WIKIFLEET is a free collaborative encyclopaedia providing knowledge about car fleet management all over the world The Global Fleet MARKETPLACE is the ONE guide to find fleet & mobility providers worldwide Marketplace directories and magazines in our knowledge center Knowledge Center Contact us PR Newswire GWM Acquires Daimler Factory in Brazil to Enhance Presence in South America and Expand Global Layout GWM and Daimler AG signed an agreement on the acquisition of Daimler's factory in Iracemapolis Brazil under the witness of GWM Rotating President Meng Xiangjun in Sao Paulo The said agreement stipulates the transfer of the ownership of the Iracemapolis factory's land machinery and any other properties except for personnel to GWM And it is expected to be done by the end of 2021 environmental protection and information management concepts that are in line with its global manufacturing standards so as to build the factory into a smart production base catering to the demands of Brazil and other South American countries the factory will create nearly 2,000 jobs there drive the development of local industries engaged in supporting promote the further transformation and upgrading of the local industrial mix and contribute more profits and taxes to the Brazilian government South America has served as one of the important strategic markets of GWM which started to deploy in Chile as early as 2007 The first PICKUP and HAVAL SUV models sold were popular among local users which reinforced GWM's determination to further venture into the South American market Brazil tops all South American countries in terms of economic strength and serves as one of the seven largest automotive markets in the world with immense potential for automobile consumption GWM has taken Brazil as an important strategic market for enhancing its presence in South America and it is committed to studying the preference of local consumers and changes in the automotive market GWM will leverage the geographical advantages to advance its development and the implementation of its strategies in the South American market GWM's sales have been increasing amid COVID-19 which continues to hit international automotive markets GWM's international sales rose by 176.2% year-on-year which enhanced its confidence in globalization as an important base for exploring the South American market further demonstrates GWM's strategic ability to seek progress in adversity Brazil and other strategic markets and uniting the 500 sales networks worldwide This will help to further expand GWM's global presence contribute to its ambitious goal of selling 4 million vehicles globally by 2025 and enhance its confidence and strength to "win the Chinese market and venture into the world" Lee Jae-myung leads in hypothetical three-way race with Han Duck-soo the presidential candidate of South Korea’s main liberal Democratic Party holds a lead in a potential three-way race for the country’s next election 15% of Korean wage workers have flexible work schedules: data Who in conservative bloc will embrace Han Duck-soo candidacy Han Duck-soo declares presidential bid pledging constitutional reform People Power Party kicks off final round of its presidential primary MARRIOTT INTERNATIONAL AND CG HOSPITALITY ANNOUNCE AGREEMENT TO LAUNCH THE FARM AT SAN BENITO Plasma makes the difference in the production of high-performance batteries e& achieves AED 16.9 billion consolidated revenue growing 18.7% YoY in Q1 2025 S&E bio Receives Korea's First Approval for Exosome-Based Therapy Clinical Trial LG Display Becomes World's First to Verify Commercialization of Blue Phosphorescent OLED Panels Respect wanes: Teaching no longer highly coveted job in S Costco’s steep membership hike tests loyalty of Korean shoppers South Koreans get creative with Parents’ Day gifts The facility has an initial annual production capacity of 20,000 units but depending on the market’s evolution Mercedes-Benz says it can significantly expand output in the future Mercedes-Benz is investing a total of BRL 500 million ($180.5 million) in the Iracemápolis plant which will create about 600 new jobs until the start of production some 3,000 jobs are expected to be generated in the region predominantly with suppliers and service providers “With the new Mercedes-Benz plant in Iracemápolis we will be the only company producing the full vehicle range in Latin America – from passenger cars and vans to trucks and buses The new plant in Iracemápolis is further proof to our commitment to Brazil,” said Philipp Schiemer President of Mercedes-Benz do Brasil and CEO Latin America The automaker said the new plant’s level of automation will be significantly lower than in traditional Mercedes-Benz plants That’s why our focus is on our employees Iracemápolis will be one of the most flexible plants in our global production network indicating our future trend,” said Markus Schäfer Member of the Divisional Board Mercedes-Benz Cars Chinese car manufacturer Great Wall Motor (GWM) will open a new factory in Brazil next year The plant will manufacture electric cars only - in the form of battery electric cars It will be GWM's fourth-largest manufacturing site worldwide The site in Iracemápolis in the Brazilian state of São Paulo is scheduled to go into operation on 1 May 2024 It is said to have an annual capacity of 100,000 vehicles and to create about 2,400 new jobs GWM plans to first serve the Brazilian market and export its EVs to other Latin American countries later Great Wall Motors plans to launch four BEV models of its Ora brand and six hybrid models of the GWM brand in the next three years In order to reach the planned 100,000 vehicle production capacity per year GWM will start modernising and expanding the plant in the first half of 2023 The manufacturer wants to invest 10 billion Brazilian reais (the equivalent of 1.83 billion euros) within ten years in the development of car production there including the R&D and supplier network The goal is to achieve a localisation rate of over 60 per cent by working with local suppliers The first vehicle to roll off the production line there is a “hybrid flex-fuel truck” called Poer – a plug-in hybrid that runs on ethanol That is because ethanol is a widely used fuel in Brazil and so-called fuel-flex engines support refuelling with petrol as well as ethanol since it can also be used to produce hydrogen and help commercialise it “GWM’s Brazil plant will be the first NEV plant in Brazil to specialise in hybrid and electric vehicles,” says Brazil’s vice-president Geraldo Alckmin “Brazil’s new industrialisation must involve decarbonisation and innovation and create more sustainable and efficient production methods.” Great Wall’s New Energy Vehicle factory in Brazil will be completed later and smaller than announced The company has clearly missed the targeted start of operations on 1 May 2024; the factory is now scheduled to open in mid-2025 it will then only be designed for 50,000 vehicles per year and not the 100,000 cars originally mentioned only 20,000 units are initially planned for the opening I agree with the Privacy policy electrive has been following the development of electric mobility with journalistic passion and expertise since 2013 we offer comprehensive coverage of the highest quality — as a central platform for the rapid development of this technology Plant will enhance company’s expansion in South America and is expected to produce 100,000 vehicles a year after modernisation China’s Great Wall Motor Company (GWM) has acquired a 1.2 million square metre factory in Iracemápolis in Brazil which after modernisation is expected to produce 100,000 vehicles a year GWM and Daimler Group signed the official purchase agreement in São Paulo which is China’s top pickup truck maker and also builds vehicles in Russia and Thailand the project will create nearly 2,000 local jobs “The Iracemápolis plant will cover both the domestic market and the rest of South America It will accelerate the development and strategic implementation of our company in South America,” said a GWM spokesman said that this transaction will further promote GWM’s transformation into a global technology company focusing on providing mobility solutions said: “Brazil is one of the most important overseas strategic markets for us and we are committed to studying local consumer preferences and the development of the automobile market “GWM’s investment will bring local users a smart It will also create more direct and indirect jobs for local communities while stimulating the development of local supply chains research and development and related industries it will promote the further transformation and upgrading of the local industrial infrastructure to better serve the Brazilian government by contributing more taxes.” the Iracemápolis plant will be upgraded with advanced production and digitalisation philosophy in accordance with the company’s global manufacturing standards The transaction is expected to be completed before the end of 2021 The expected tariff cost is significantly lower than the $4 billion to $5 billion crosstown rival General Motors estimates which Ford attributes to its higher mix of U.S.-built vehicles Get our news on your inbox! Suscribe x MercoPress, en Español Montevideo, May 6th 2025 - 05:53 UTC The Chinese auto industry is penetrating Brazil Automaker Great Wall Motors (GWM) reported that it has purchased the Mercedes-Benz car factory in Iracemápolis according to a report in the financial sector from the newspaper “O Globo” last Sunday The publication points out that the official announcement of the deal has not yet taken place but the acquisition of the São Paulo factory was completed about two weeks ago and was mentioned in GWM’s internal newspaper The O'Globo report discloses the technical details of the Mercedes plant in São Paulo and confirms that they are within the standards required for the production of GWM cars in Iracemápolis the Chinese’s arrival in the country is in alignment with the automaker’s internationalization plan; in the last two years the company has also started production in Russia and Thailand and is about to do the same in India O'Globo's report comments that the GWM expansion can also be seen as another movement in the ongoing changing of the guard in the world economy with the shift of the US-Europe axis towards Asia GWM's strategy is to buy manufacturing units in the countries of interest the company acquired the Mercedes-Benz plant; in Thailand the business is expected to enter the country through the acquisition of another GM plant Commenting for this story is now closed.If you have a Facebook account, become a fan and comment on our Facebook Page Three years later the factory was finished and was churning out C-Class and GLA crossovers this year’s coronavirus pandemic has forced Daimler to make a tough decision regarding this facility The German brand will wind down car production to the point of shutting down the entire factory (annual capacity of 20,000 units), which according to Reuters will cost approximately 370 people their jobs Read Also: 2021 Mercedes S-Class Arrives In America Early Next Year With Six-Figure Starting Price Daimler has acknowledged that the pandemic has caused a drop in demand for premium models in Brazil which in turn made keeping the factory open an unsustainable task Mercedes will continue to do business in Brazil at its Sao Bernardo do Campo plant This facility builds trucks such as the Accelo This is also the location of the Technological Development Center Meanwhile, cabins for these trucks are being manufactured at the Juiz de Fora plant, which joined Mercedes-Benz truck production back in 2012 The facility is said to have one of the most modern processes for painting and welding trucks This year, pretty much all carmakers have had to temporarily close down production at factories around the world. However, closing down for good is a completely different thing and it just goes to show how devastating the effects of this pandemic can be both from a healthcare and a financial standpoint.