- Advertisement -

Chinese automakers Chery and JAC to open factories in Brazil

Reading Time: < 1 minutes

News like this to your inbox or phone?

Weekly summary to your inbox

Never miss an important news

Get Instant notification once the news is pusblished.

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.

News instantly?

Get notified about every news in your phone.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisement -