Chinese carmakers JAC and Chery will open factories in Brazil, Brazilian Industry Minister Fernando Pimentel said Thursday. JAC’s plant will be in Camacari in the northeastern state of Bahia and construction will start on Nov 28. The plant is expected to be operational by late 2014.

Chery’s factory will be in Jacarei, Sao Paulo. Also on Thursday, the Brazilian government announced a new program that gives four-year tax breaks to manufacturers of economy cars.

The program, which will go into effect in 2013, is aimed at encouraging automakers to produce more compact fuel-efficient cars.

Via: ChinaDaily.

Recommended for you

Chery Exeed Exlantix ET5 pre-sale opens: with 1,310 km range and LiDAR ADAS, from 22,500 USD

Chery Fulwin X3L’s mountain stair challenge ends in failure

Chery’s Exeed Exlantix ET7 with max 473hp exposed, will be offered in BEV and EREV